February 9, 2025 - 10:24
In a recent announcement, government leaders in Somalia have issued a stern warning to individuals and businesses regarding the financing of terrorism. They emphasized that any form of financial support, including extortion payments to the militant group al-Shabab, will not be tolerated and could lead to legal repercussions.
The government is taking a firm stance against the growing influence of al-Shabab, which has been responsible for numerous attacks and acts of violence across the country. Officials highlighted that funding these groups only serves to perpetuate a cycle of violence and instability, undermining efforts to restore peace and security in Somalia.
Authorities are urging citizens to report any incidents of extortion or support for terrorism to the relevant law enforcement agencies. The message is clear: engaging in or supporting terrorist activities, whether directly or indirectly, will face serious consequences. This initiative aims to strengthen the rule of law and foster a safer environment for all Somalis.
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Yale's Financial Stability Program Unveils Crisis Management PlaybookThis year marks a significant milestone for the Yale Program on Financial Stability as it wraps up the New Bagehot Project. This ambitious initiative, spanning a decade, has meticulously chronicled...
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