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Washington Imposes Sanctions on Yemeni Money Exchange Company - ASHARQ AL-AWSAT English Archive
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The US Department of the Treasury has imposed financial sanctions on a Yemeni company called Al-Omgy and Brothers Money Exchange (Al-Omgy Exchange). The Treasury mentioned that Al-Qaeda used this company to receive and make payments in Yemen, and that it recently pledged to provide Al-Qaeda with a 10 per cent commission on all financial transactions.

The United States also imposed sanctions on the owners of the company Saeed Saleh Abd Rabbuh Al-Omgy and Mohammed Saleh Abd Rabbuh Al-Omgy and accused them of belonging to Al-Qaeda.

The US Department of the Treasury said that the Yemeni company’s assets in America have been frozen and financial transactions with them have been halted. The Acting Under Secretary for Terrorism and Financial Intelligence Adam Szubin said that the sanctions are part of the US Treasury’s efforts to cut off funding sources for Al-Qaeda and weaken its ability to implement violent attacks.

According to the US Department of the Treasury, UAE’s central bank has also taken steps in the UAE to prevent the company’s access to the UAE’s financial sector.

On its part, the company denied its “involvement in any activities to transfer funds to AQAP (Al-Qaeda in the Arabian Peninsula)” and said that the claims were simply “biased rumours” that aim to “damage our reputation”.