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US slapped sanctions on a Pakistan-based group and its affiliate in Dubai
The US in second week of November 2015 slapped sanctions on a Pakistan-based group and its affiliate in Dubai. which have ties with terrorist outfits like the LeT and underworld don Dawood Ibrahim, for laundering money for criminals and political activists.
Acting Under Secretary for Terrorism and Financial Intelligence Adam J Szubin said that the Pakistan based Khanani Money Laundering Organisation (Khanani MLO) exploits its relationships with financial institutions to funnel billions of dollars across the globe on behalf of terrorists, drug traffickers, and criminal organisations. Additionally, the US Treasury also designated Dubai-based money services firm Al Zarooni Exchange in league with the Khanani MLO.
Khanani MLO is a transnational criminal organization composed of individuals and entities operating under the supervision of Pakistani national Altaf Khanani, who the US Drug Enforcement Administration arrested this September. Altaf Khanani, the head of the Khanani MLO, is known to have had relationships with Lashkar-e-Tayyiba, Dawood Ibrahim, al-Qaeda and Jaish-e-Mohammed, the Treasury said.