The freezing of the money of a money exchange company in Erbil and two persons on charges of financing terrorism
2/13/2019

The Committee on the freezing of terrorist funds on Wednesday issued a decision to freeze the money of a money exchange company in Erbil and two persons on charges of financing terrorism.

According to the decision, "based on the book of the Office of Anti-Money Laundering and Terrorism ... the Committee on the freezing of terrorist funds at its first regular session, the freezing of movable and immovable funds and persons listed by Dubai Horizons to mediate the sale and purchase of foreign currency in the province of Erbil, Omar Abd Al Halim Muttani, the Company's Managing Director, with a 49% contribution, and Nakar Akram Osman, Deputy Managing Director of the Company with 51% contribution.

The Committee noted that the decision "shall be implemented as of the date of its issuance".It referred to the "generalization of this decision on the ministries and entities not associated with the Ministry and the provinces and all provincial councils and financial and non-financial institutions and the relevant departments for the purpose of taking appropriate actions on the entity and persons referred to above."

"This decision will be published immediately in the Official Gazette and the AML / CFT website," she said.Earlier in the day, the US Treasury Department imposed sanctions on an Iraqi-based financial firm involved in supporting the terrorist organization The ministry said in a statement that the Office of Foreign Assets Control imposed sanctions on the company "Horizons Dubai" exchange because it was diverting funds to favor in Syria and Iraq and provide him with financial or technological support or other services.

"Dubai Horizons" is part of the financial network linked to Dahesh's support and includes companies providing financial services, remittances, and facilitators of financial transactions in the Middle East.



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