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US sanctions three Nigerian BDCs and a Lagos-based operator over alleged links to ISIS financing activitiesTreasury Department names Generation Currency BDC, Nine to Nine Exchange BDC, and Manhattan BDC among listed entitiesUS says the network allegedly moved funds across Nigeria, Turkey, Syria, and France through money exchange businesses
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Three Nigerian Bureau de Change operators (BDC) and a Nigerian have been named by the United States government, among others, who are allegedly linked to terror financing by the Islamic State (ISIS).
The U.S. Department of State announced on Monday that a facilitator based in Nigeria was part of a global network that allegedly facilitated illicit money movement to support the terrorist group through currency exchange facilities.
US blacklists three Nigerian currency exchange firms over alleged ISIS funding Photo: NurphotoSource: Getty
