OFAC Sanctions Boko Haram Fundraisers in UAE

The Office of Foreign Assets Control designated six individuals in the United Arab Emirates for raising money on behalf of Boko Haram insurgents in Nigeria. OFAC actions follow arrests in the UAE in September, which OFAC says "demonstrates the commitment of the Emirati government to using judicial measures and targeted financial sanctions to disrupt the flow of funds to these networks."

With this move, “the U.S. joins the UAE in targeting terrorist financing networks of mutual concern," Treasury Undersecretary Brian Nelson said March 25. “Treasury continues to target financial facilitators of terrorist activity worldwide. We welcome multilateral action on this Boko Haram network to ensure that it is not able to move any further funds through the international financial system.”