Money transfer agency cleared of funding terrorists

August 7, 2015 1:37 pm2 commentsViews: 28

Money transfer globalNAIROBI, (CAJ News) – KENYA has given money transfer company, Dahabshiil, a clean bill of health, paving way for resumption of operations in the East African country.

The endorsement is carried in the official Kenyan Government Gazette.

The Gazette notifies the public that no order should be made specifying
Dahabshiil Kenya, amongst others, after it was provisionally listed as
part of a blanket review of all licensed remittance providers in Kenya,
which is beset by terrorism.

The delisting follows the Central Bank of Kenya’s move to lift the
suspension on Dahabshiil Kenya in June after it had suspended the
operations of all licensed remittance providers in April.

The Interior and the Co-ordination of National Government confirmed that
Dahabshiil Kenya had shown cause why it should not be listed as a
specified entity, as it abides by all stipulated conditions for licensed
remittance providers active in Kenya.

Chief Executive Officer of Dahabshiil Group, Abdirashid Duale, said the
formal delisting cleared the Kenya entity of any wrongdoing.

The Kenyan authorities are fully satisfied that Dahabshiil Kenya has no
involvement whatsoever with the funding of terrorist organisations and
complies fully with all international regulations and industry best
practice, said Duale.

He said the Dahabshiil network operates in 126 countries, including Kenya, the United Kingdom and the United States.

We respect and comply with the laws of each and every country. Our
services provide a vital lifeline for people to feed, educate and
otherwise help their families and loved ones, and to run businesses, thus creating jobs, said Duale.

-CAJ News

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