US Targets Al Shabaab Fundraisers, Money Launderers With Restrictions

The US Department of the Treasury on Monday enforced restrictions on what it said was an worldwide fundraising and money-laundering interact for the Al Shabaab radical group operating in Somalia.

The restrictions aimed 16 entities and individuals through the Africa region, the United Arab Emirates and Cyprus, the Treasury said in a statement.

The legal action, which resulted into US restrictions against an isolated network associated to al Shabaab in October 2022, stop any US assets of those targeted and mostly blocks Americans from dealing with them.