On 13 February, The East African reported that the US has lifted sanctions on Somali group of companies, Al-Barakat, which dealt in informal money transfer services.  The group, involved in hawala as well as logistics, telecom and internet services, had been designated by OFAC in 2001.   The UN lifted its sanctions on the group nearly 9 years ago.  It is speculated that lobbying by humanitarian groups led to the US move.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s