On August 27 2014 the US Treasury Department designated Muhammad Iqbal and Asma Money Exchanges as Specially Designated Global Terrorists (SDGTs) for their affiliation to the Lashkar-e-Tayyiba (LT) terrorist group. LT is a Pakistan-based terrorist group that has taken credit for the series of attacks that took place in Mumbai in 2008.
The new sanctions are designed to target the leadership and financial networks of LT. As SDGTs, all property and interests in the US under the control or possession of Iqbal or Asma will be blocked, and all US persons are prohibited from engaging in transactions with either party. Asma, which has been determined to be owned or controlled by Iqbal, is seen as a critical financial supplier of LT’s terrorist activities.
Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...See profile for Maya Lester QC >