US names two money traders for helping Taliban
30 June, 2012
WASHINGTON: The United States named two Afghanistan-Pakistan money changers as helping Taliban manage and move funds, setting sanctions against both that aim to hinder their business.
The US Treasury said the two hawalas, or money exchange businesses - the Haji Khairullah Haji Sattar Money Exchange (HKHS) and the Roshan Money Exchange – "have been used by Taliban to facilitate money transfers in support of Taliban's narcotics trade and terrorist operations."
Up through last year, HKHS services were "a preferred method for Taliban leadership to transfer money to Taliban commanders in Afghanistan," the Treasury said. HKHS has 16 branches in Pakistan, Afghanistan, Iran and Dubai, while Roslan operates 11 branches in Pakistan and Afghanistan.