Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    Somali Ambassador Emphasizes Importance of National Voice at UN
    August 29, 2025
    Somali Government Re-evaluates Development Projects in Nairobi Meeting
    August 29, 2025
    Minister of Ports and Maritime Transport Oversees Leadership Transition at Mogadishu Port
    August 29, 2025
    African Union Commission Welcomes Somalia’s Revised Electoral Framework Agreement
    August 29, 2025
    Somali President Appoints Mohamed Ali Nur as New Mogadishu Port Director
    August 28, 2025
  • World News
    World NewsShow More
    Hamas accepts an Arab ceasefire proposal on Gaza as Palestinian death toll passes 62,000
    August 19, 2025
    “Gunman Kills 3 in Texas; Explosion in Pennsylvania Leaves 2 Dead”
    August 12, 2025
    Somali-American Candidate Abdirizak Mohamed Ali Runs for Mayor of Hopkins, Minnesota
    August 8, 2025
    Israel kills aid worker in Gaza amid rising starvation deaths, US envoy meets with hostages’ families
    August 3, 2025
    Ghana Donates 40 Metric Tonnes of Cocoa to Palestine in Act of Solidarity
    August 2, 2025
  • Articles
    ArticlesShow More
    Somalia’s Political Leaders Forge a Path to Democracy
    August 25, 2025
    Ode to Yan’an: How a Song Inspired Chinese Youth During Wartime
    August 19, 2025
    Somalia’s Story Is More Than the Siege Narrative. It’s Time the World Reported It That Way
    August 13, 2025
    Somali and Allied Forces Deal Major Blow to Al-Shabaab in Coordinated Offensive
    August 6, 2025
    Somalia’s Financial War Against Al-Shabaab: Key Achievements and Strategic Milestones (2022–2025)
    August 4, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
    Somalia set for two int’l friendlies ahead of WC qualifier clashes against Algeria and Uganda
    October 10, 2023
    Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
    October 3, 2023
  • Tenders
    TendersShow More
Reading: Somalia Intensifies Crackdown on Terrorist Financing Networks: Over 575 Phone Lines, Dozens of Bank and Business Accounts Shut Down
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > Local News > Somalia Intensifies Crackdown on Terrorist Financing Networks: Over 575 Phone Lines, Dozens of Bank and Business Accounts Shut Down
Local News

Somalia Intensifies Crackdown on Terrorist Financing Networks: Over 575 Phone Lines, Dozens of Bank and Business Accounts Shut Down

By Khadar Aweys
Last updated: July 19, 2025
3 Min Read
Share

Mogadishu, (SONNA) — The National Committee for Combating Money Laundering and Countering the Financing of Terrorism (AML/CFT) held a high-level meeting today in Mogadishu, chaired by Somalia’s Minister of Finance, H.E. Bihi Iman Egeh. The committee, which includes representatives from the Ministries of Finance, Justice, Security, Commerce, Communications, NISA, the Financial Reporting Center, and the National Communications Authority, issued a strong warning and unveiled significant progress in disrupting terrorist financing across the country.

In an official statement, the committee declared that the Federal Government of Somalia has made substantial gains in dismantling financial networks used by the terrorist group Al-Shabaab (referred to as Khawaarij), which have long exploited citizens and businesses through extortion and illegal collections.

Between January 1 and June 30, 2025, the government implemented a national strategy targeting the financial lifelines of terrorist groups, resulting in the following actions:

  • 575 mobile phone numbers used by terrorist operatives for intimidation, threats, and extortion were officially deactivated.
  • 21 bank accounts linked to terror financing activities were frozen.
  • 88 merchant accounts used to collect or launder extorted funds were also shut down.
  • Several operatives involved in collecting extortion money from citizens and businesses were arrested and referred to the judiciary.
  • Key financial operatives and network leaders within terrorist groups were identified and neutralized, severely disrupting their financial infrastructure.
  • Multiple illegal checkpoints and safe houses used by the militants to collect and store money were destroyed.

The Somali government credited these successes to close collaboration with private sector businesses and public awareness campaigns encouraging citizens to reject and report extortion by terror groups.

Officials underscored that the campaign is backed by robust legal frameworks and national coordination mechanisms designed to prevent the use of the financial system for terrorism. The strategy includes detection, investigation, asset freezing, and prosecution of those involved in illicit financial activity.

The government warned that anyone found facilitating, collecting, or contributing funds or resources to terrorist groups — directly or indirectly — will face severe legal consequences. This includes individuals, businesses, or organizations that assist in any form of financing terrorism.

Reaffirming its constitutional duty to protect Somali citizens, the Federal Government of Somalia emphasized its unwavering commitment to eradicating terrorism financing and ensuring the rule of law across all sectors of society.

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Ode to Yan’an: How a Song Inspired Chinese Youth During Wartime

ArticlesCulture
August 19, 2025

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

Somali Ambassador Emphasizes Importance of National Voice at UN

Mogadishu, Somalia – Somalia's Permanent Representative to the United Nations, Ambassador Abukar Daahir Osmaan, has…

August 29, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

Minister of Interior Meets Traditional Leaders from Ethiopia’s Somali Region in Las’anod

Las’anod, (SONNA) – The Federal Minister of Interior, Federal Affairs and Reconciliation, Hon. Ali Yusuf Ali (Ali Hoosh), held a…

Local News
July 15, 2025

Somali Ambassador to China urges Chinese enterprises to explore, Invest Somalia

Mogadishu(SONNA)-Somali Ambassador to China,  Awale Ali Kullane on Sunday urged Chinese enterprises to invest and explore the business map in…

Local News
July 25, 2021

Somali State Minister Leads Discussion on Agriculture at Arab League Conference in Riyadh

Riyadh, SONNA – The Minister of State for the Ministry of Agriculture & Irrigation of Somalia, Mr. Asad Abdirisaq Mohamed,…

Local News
May 3, 2024

Abshir Haruse Resigns as Minister of Foreign Affairs of Somalia

Mogadishu, - The Minister of Foreign Affairs of the Federal Government of Somalia, Mr. Abshir Omar Jama has resigned as…

Local News
December 18, 2023

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?