U.S. Imposes Sanctions on Extensive Financial Network Funding Al-Shabaab: Disrupting Terrorism Financing in the Horn of Africa and Beyond

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has implemented sanctions against 16 entities and individuals involved in an extensive business network operating in the Horn of Africa, the United Arab Emirates (UAE), and Cyprus. This network has been identified as raising and laundering funds for al-Shabaab, a terrorist group affiliated...