US sanctions Australian businessman mainly because an al-Qaeda financier
20 October, 2020
AMERICA sanctioned an Australian national and his gemstone company on Monday, designating him as a clandestine terrorist financier.
US Secretary of Talk about Mike Pompeo said in a statement that Ahmed Luqman Talib “materially assisted, sponsored or provided personal or materials support” to al-Qaeda. THE UNITED STATES Treasury Department likewise targeted Mr Talib’s gemstone enterprise, Talib and Sons.
“Talib has already established financial dealings in several countries, and his organization dealing in gemstones has provided him the opportunity to move funds internationally,” said Mr Pompeo.
The Treasury Department said that Mr Talib’s business dealings extended to the Gulf as well as Turkey, Tanzania, Sri Lanka, Colombia and Brazil.
“Terrorist groups such as for example Al Qaeda use financial facilitators to move money all over the world to help carry out terrorist activity,” Treasury Secretary Steve Mnuchin said in a statement.
“The Treasury Department remains focused on disrupting Al Qaeda’s financial activities and networks around the world and appreciates the collaboration with this Australian partners.”
Separately on Monday, Mr Pompeo announced penalties on six entities and two individuals located in China and Hong Kong for evading US sanctions on Iran.
The sanctions extend to many Chinese companies for doing business with the Islamic Republic of Iran Shipping Lines (IRISL) and its own Shanghai-based subsidiary. Eric Chen and Daniel Y. He, the respective CEO and president of the Shanghai-based Reach Holding Group company, are also sanctioned.
“The international community has long recognised that the Iranian regime uses [IRISL] to transport proliferation-sensitive items designed for Iran’s ballistic missile and military programmes,” Mr Pompeo said in a statement.
“Today we reiterate a warning to stakeholders worldwide: In the event that you work with IRISL, you risk US sanctions.”
Source: www.thenationalnews.com
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