US sanctions 16 entities, individuals helping al-Shabaab
Washington, DC, US (PANA) - The United States said on Monday that it is sanctioning 16 entities and individuals in a transnational network that spans the Horn of Africa, United Arab Emirates, and Cyprus, for facilitating financing and money laundering for the al-Shabaab terrorist organisation.
A statement issued by the State Department said the threat posed by al-Shabaab is not limited to Somalia.
It said Al-Shabaab’s revenues are disbursed to other al-Qaeda-linked groups worldwide and help fund al-Qaeda’s global ambitions to commit acts of terrorism and undermine good governance.
"Today’s action reflects the United States’ counterterrorism priorities in Somalia and supports the dynamic relationship we have established with the Somali government to counter the terrorist threats endangering the Somali people and undermining their communities," the statement said.
It added that the US also remains focused on disrupting al-Qaeda’s access to the international financial system.
-0- PANA MA 11March2024
