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Kenya suspends 13 remitters including Dahabshiil

April 17, 2015

Kenya has frozen the bank accounts of 86 people and suspended the licenses of 13 money transfer organizations, including Dahabshiil, for their alleged role in funding the terrorist group al-Shabaab.  From NTV Kenya last week:

Critics of decisions like this often claim that regulators are cutting off “life lines” to poor Somalis by making money transfers to Somalia more difficult.  But as the news report points out, there are major, conventional banks that provide wire services.  It’s just that the fees are higher with the banks than with smaller money transfer firms and hawala dealers.  Kudos to Kenya for attempting to rein in the funding of al-Shabaab.

2 comments

  1. […] national police force said they will investigate money services businesses (MSBs) after Kenya suspended 13 MSBs alleged to finance the terrorist group al-Shabaab in Somalia. Several of those same […]


  2. […] Jihad readers may recall that Kenya recently sanctioned 86 people and 13 money transfer companies for their financial ties to the Somali terrorist group […]



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