Terrorist Financing Targeting Center Designates Al-Shabaab Networks in Somalia

RIYADH, SAUDI ARABIA – Today, the seven members of the Terrorist Financing Targeting Center (TFTC) announced joint designations of 15 al-Shabaab leaders, operatives, and financial facilitators operating in Somalia. These targets were involved in a wide range of activities in support of al-Shabaab, including fundraising and proliferation of Improvised Explosive Devices (IEDs). This is the seventh round of joint designations by the TFTC.The TFTC was established in May 2017 to enhance multilateral cooperation against terrorist financing between the United States and the Gulf Cooperation Council (GCC) members: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The TFTC coordinates joint disruptive actions, including targeted sanctions; exchanges actionable information on terrorist financing networks; and provides capacity-building workshops to strengthen institutional defenses against terrorist financing.