Mogadishu, (SONNA) — The Office of the Attorney General of Somalia is currently handling over 250 cases related to money laundering and the financing of terrorism. As part of its efforts, the office has successfully dismantled several financial networks that terrorist groups were using to exploit and siphon funds from the Somali public.
More than 3,500 bank accounts linked to terrorist financing were investigated and frozen, resulting in the seizure of nearly one million US dollars. Approximately half a million dollars from these accounts have been lawfully transferred to the Somali government. In addition, over 13 individuals have been convicted for crimes related to money laundering and terror financing, while more than 50 suspects have been formally charged. The office is working with INTERPOL to extradite several suspects currently residing abroad.
The Attorney General’s Office is urging Somali businesses and financial institutions to strictly comply with laws governing money laundering and terror financing. It also calls on the Somali public to actively support law enforcement agencies by reporting any suspicious activity linked to terrorist networks.
