facebook
twitter
rss
account
search
search
 

Hawala sanctioned for Taliban support

Nov. 20, 2012 at 3:14 PM   |   Comments

WASHINGTON, Nov. 20 (UPI) -- Sanctions were imposed on a hawala -- a facility within a financial remittance system -- and two people tied to the Taliban, the U.S. Treasury Department said.

The sanctions forbid U.S. citizens from conducting financial or commercial transactions with the money exchange house Rahat Ltd., its owner, Mohammed Qasim, or the owner/operator of Rahat's Quetta, Pakistan, branch, Musa Kalim, the Treasury Department said in a release.

The sanctions also freeze assets Rahat, Qasim or Kailm may have under U.S. jurisdiction.

Rahat has branches in Afghanistan, Pakistan and Iran that have been used by Taliban militants to facilitate their illegal financial activities, the department said.

"Today's action demonstrates our continued efforts to target and disrupt financial activity linked to the Taliban's use of hawalas," said David S. Cohen, undersecretary for Terrorism and Financial Intelligence. "We will continue exposing these illicit networks and deprive the Taliban of their sources of funding no matter where they turn."

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
The UN has released its list of leaders attending climate summit The UN has released its list of leaders attending climate summit
2
Hurricane Odile now a dangerous category 4 storm Hurricane Odile now a dangerous category 4 storm
3
Navy halts search for missing jet pilot after crash Navy halts search for missing jet pilot after crash
4
Mary Landrieu spent $33K of taxpayers' money on campaign travel Mary Landrieu spent $33K of taxpayers' money on campaign travel
5
Bernie Sanders says he may run for president in 2016 Bernie Sanders says he may run for president in 2016
Trending News
Video
x
Feedback