Ilhan 728×90
Ilhan 728×90

Government Freezes 86 Accounts Used To Finance Terror

Source: citizennews.co.ke

147 rip

Citizen TV can report that the government has frozen the bank accounts of 86 entities and individuals suspected of financing terrorism.

Through the banking order number 3 of 2015, the government has ordered all licensed banks and microfinance institutions to deny the 86 financial services and to file transaction reports with the central bank within 48 hours.

Impeccable sources tell Citizen TV that an inter-ministerial committee on counter-terrorism met today and resolved to take stringent measures to deny Al-Shabaab the resources to mobilize and plan terror acts.

The 86 are now on the government watch-list.

Citizen TV can further report that the government has suspended the licenses of 13 forex exchange bureaus and hawalas it accuses of financing terrorism.

Citing the proceeds of crime and anti-money laundering act of 2009, the government says the information obtained on the 13 institutions renders their business untenable as they accused of aiding economic crimes.

The sources tell Citizen TV that these are the first of tough measures that the government is taking to paralyse local terror networks.

The government has also ordered the immediate closure of all hawalas informal money transfer systems.

Citing intelligence gathered on hawala, it says the system through which millions of shillings are moved around the world daily is being used to fund Al-Shabab terror activities in the country.

Do you have something to add to this story? Share your thoughts in the comments section below.

Your comments:

About The Author

NepJournal is a progressive media initiative that aims to serve as the leading space where North Eastern Kenya’s leading thinkers, analysts and writers provide you, our readers, with new perspectives on all issues affecting the region.

We aim to publish daring perspectives with original content, and beautifully written pieces, to give voice to writers and thinkers so as to inform, educate and empower our people.

Leave a Reply


Your email address will not be published. Required fields are marked *

UA-49312341-1