OFAC targets supporters of al-Qaida in Yemen

OFAC has designated Yemen-based financial services company Al Omgy Exchange, and it’s two owners Said and Muhammad al-Omgy, for providing financial support to al-Qaida in the Arabian Peninsula (AQAP).  AQAP is said to hold accounts at Al Omgy Exchange, which it uses to disburse funding throughout Yemen and receive deposits, including extortion payments from Yemeni businesses.  In addition to owning...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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