The U.S. Treasury has brought sanctions against seven individuals and one entity accused of exploiting Iraq’s national payment system, alongside money service businesses (MSBs) and hawala networks, for the purposes of financing terrorism.
The authority announced on Monday that members of the Rawi Network, an Iraq-based group which laundered money to fund terrorist organisation ISIS, had been targeted for new sanctions measures.
Six individuals and one MSB based in Iraq, as well as one individual based in Kenya, were subject to the penalties.
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