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Kenya freezes Dahabshiil over suspected terrorist links

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Wednesday April 08, 2015 - 17:39:42 in Articles by Super Admin
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    Kenya freezes Dahabshiil over suspected terrorist links

    Kenya freezes key money transfers to Somalia over suspected terrorist links . Kenya's police chief issued Wednesday a list of 85 people and companies, including at least 13 key money transfer companies, of suspected links to Somalia's Al-Q

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A man participates in protest against gunmen attack at Garissa University, at Eastleigh neighbourhood in Nairobi. - See more at: http://news.asiaone.com/news/world/kenya-freezes-key-money-transfers-somalia-over-suspected-terrorist-links#sthash.LMTkdDYx.dpuf
Kenya freezes key money transfers to Somalia over suspected terrorist links . Kenya's police chief issued Wednesday a list of 85 people and companies, including at least 13 key money transfer companies, of suspected links to Somalia's Al-Qaeda-linked Shebab.

Top of the list issued in an official government gazette notice was alleged Shebab commander Mohamed Mohamud, said to be the mastermind behind the university massacre of almost 150 people last week.


But the list also included money transfer companies that provide a crucial way for relatives to send lifeline remittances to war-torn Somalia, including Dahabshill, one of the most important transfer companies across the wider Horn of Africa region.


Their suspension in Kenya would have major impact on money transfers, with aid agencies warning in the past their suspension would hit some of poorest people the hardest.

With no formal banking system in the impoverished country, diaspora Somalis turn to money transfer services to send money back home support their families, sending some US$1.3 billion (S$1.7 billion) each year, dwarfing foreign aid.

SOURCE:News.asiaone.com

- See more at: http://news.asiaone.com/news/world/kenya-freezes-key-money-transfers-somalia-over-suspected-terrorist-links#sthash.LMTkdDYx.dpuf


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