The US government on Wednesday removed the ban on al-Barakat’s money transfer company, which has been in limbo since 2001, following attacks on the US.
A report by the US Treasury said in an investigation by the 9/11 attacks, they found no direct evidence and any real connection between al-Barakat and terrorists of any kind.
The committee made the statement in a brief statement on terrorism funding that was released, pointing out that there was no evidence to support claims that Bin Laden had previously invested in al-Barakat.
The US says the sanctions imposed on Barakat have had a negative impact on the lives of Somalis. Barakat’s founder, Ahmed Nur Ali Jim ‘ale, was removed from the list in 2012.
The US Treasury Department believes that agencies and individuals who have been excluded from the sanctions have long ago stopped supporting bin Laden, al-Qaida or any other terrorist group. A spokesman said many of the agencies were not operational at the time.
The committee’s report said Barakat’s money transfer system was the main operating system in Somalia, used by Somalis fleeing their homeland and the United Nations to transfer funds to support relief operations.
At the time of the ban, al-Barakat had 180 offices in more than 40 countries, and at that time it was the lifeline of the Somali people, who wanted to send their families.