Massive terror finance network busted, 25 targets identified

UAE, US, Tranche, terrorist, financial networks, Gulf-US partnership, US Department of the Treasury,

Washington, D.C. - UAE-US partnership identify targets associated with the Iranian regime's networks.



By Wam

Published: Wed 30 Oct 2019, 9:00 PM

Last updated: Thu 31 Oct 2019, 8:44 AM

A coordinated action by member countries of the Terrorist Financing Targeting Centre, TFTC, on October 30, announced the designation of 25 targets associated with the Iranian regime's terror-support networks.
According to a statement released by the US Department of the Treasury, the coordinated action "represents the largest-ever tranche of targets designated by Gulf countries as part of the TFTC partnership."
According to the TFTC, the 25 targets provide financial support to paramilitary proxy actors that utilise violent tactics and spur heightened conflict throughout the Middle East and North Africa region.
The targets comprise a vast network of businesses that employ shell companies conducting a multibillion-dollar system of corporate dealings across the Middle East and Europe.
In 2018, these entities and individuals were previously designated by the US Office of Foreign Assets Control, OFAC, as Specially Designated Global Terrorists, SDGTs.


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