(VOVworld) - The Kenyan government said Wednesday it will freeze the accounts of 86 individuals and entities suspected of financing Somalia’s Al-Shabaab terrorists, including 13 foreign exchange bureaus. Accounts of suspected banks will also be suspended.
 |
| Al-Shabaab in Somalia is an Al Qaeda-linked group. (Photo: AP) |
The Kenyan government has asked banks and micro-finance entities to halt transactions with those on the suspect list and report all transactions to the Central Bank of Kenya within 48 hours.
Kamau Thugge, Principal Secretary to Kenya’s National Treasury, said the government will shut down informal money transfer channels to Somalia.
There are huge flows of money both ways between Kenya and Somalia for trade and aid.