By Horn Africa News
Mogadishu – Somalia’s Office of the Attorney General has announced a major breakthrough in its ongoing war against terrorism financing and money laundering, revealing that it is handling more than 250 criminal cases related to these offenses. The investigations have targeted domestic and international financial networks suspected of facilitating terrorist operations.
According to the Office, over 3,500 bank accounts used for illicit purposes have been frozen and shut down as part of a sweeping crackdown on financial crimes. These accounts were allegedly used to channel funds to extremist groups operating within and beyond Somalia’s borders.
Authorities also confirmed the seizure of one million US dollars, which has been handed over to the Somali government to strengthen counter-terrorism efforts.
Furthermore, the Office disclosed that a planned transfer of half a million dollars intended for terrorist groups was successfully intercepted and thwarted.
The Attorney General’s Office reported the successful conviction of more than 13 individuals found guilty of crimes related to money laundering and financing terrorism.
In addition, over 50 more cases are currently under investigation, with suspects having fled the country. The Somali government is actively collaborating with INTERPOL to locate and extradite these individuals.
This latest development marks one of the largest operations by Somali law enforcement against financial crimes linked to terrorism, as the government intensifies its commitment to regional and global security.
