Uganda’s police chief to probe remittersMay 3, 2015
The head of Uganda’s 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 companies operating in Somalia and Kenya also do business in Uganda. Dahabshiil is probably the most prominent of the money transfer companies identified.
From the Kampala Observer via All Africa (h/t Chris Pariso):
Police chief Kale Kayihura has said they are to investigate transactions of money transfer companies here, after evidence in Kenya suggested that some were being used to channel money for financing terrorism.
Speaking in Kampala last week, Kayihura said some of the transfer companies under investigation in Kenya are affiliated to some institutions in Uganda. According to an April 14 gazette notice issued under Kenya’s Prevention of Terrorism Act and signed by police chief Joseph Boinnet, money transfer companies topped the list of 86 accounts alleged to fund terror groups.
The notable money transfer companies mentioned include Dahabshiil, which has agent locations and branches in 126 countries worldwide, including Uganda. Another mentioned company is Kendy Money Transfer Limited, which launched its money transfer services in Kenya last September…