Connect with us

Headlines

US Claims Overseas Jewelry Chain Supports Terrorism

It’s among 15 entities being targeted for sanctions.

mm

Published

on

The U.S. Treasury Department is targeting al-Hebo Jewelry Co., which has stores in Turkey and Syria, for allegedly supporting ISIS.

Treasury’s Office of Foreign Assets Control hit the company, along with more than a dozen other organizations and individuals, with counterterrorism sanctions, according to a press release from the department.

According to the release:

As of late 2017, al-Hebo’s location in Gaziantep, Turkey was involved in an ISIS scheme to convert gold into cash to more efficiently and secretly send funds via hawalas in Turkey to ISIS sleeper cells in Iraq and Syria.

As of early 2017, Raqqah-based al-Hebo was a cash transfer business used by ISIS members.

In September 2016, an employee of Raqqah-based al-Hebo likely coordinated a money transfer on behalf of a now-deceased, Syria-based, ISIS senior operations official.

Advertisement

Turkey-based al-Hebo owner Muhamad Ali al-Hebo is named specifically. As of late 2016, he was “involved in procuring precious metals to enable ISIS to produce its own ISIS coinage,” according to the release.

In all, the Treasury Department is targeting “15 leaders, individuals, and entities affiliated with terror groups,” according to the release. They include entities affiliated with HAMAS, al-Qa’ida and the Islamic Revolutionary Guard Corps Qods-Force (IRGC-QF), as well as ISIS.

“Since the horrific attacks of 9/11, the U.S. government has refocused its counterterrorism efforts to constantly adapt to emerging threats,” said Secretary Steven T. Mnuchin. “President Trump’s modernized counterterrorism Executive Order enhances the authorities we use to target the finances of terror groups and their leaders to ensure they are as robust as possible.

“These new authorities will allow the U.S. Government to starve terrorists of resources they need to attack the United States and our allies, and will hold foreign financial institutions who continue to do business with them accountable. These new tools aid our unrelenting efforts to cut off terrorists from their sources of support and deprive them of the funds required to carry out their destructive activities. They serve as a powerful deterrent to radical terror groups and those seeking to aid their nefarious goals.”

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

Promoted Headlines

Most Popular