Hanifa Money Exchange Office (branch located in Albu Kamal, Syrian Arab Republic)

QDe.153
Hanifa Money Exchange Office (branch located in Albu Kamal, Syrian Arab Republic)
Date on which the narrative summary became available on the Committee's website: 
20 July 2017
Reason for listing: 

The Hanifa Money Exchange Office branch located in Albu Kamal, Syrian Arab Republic was listed on 20 July 2017 pursuant to Annex III of resolution 2368 (2017) as being associated with ISIL or Al-Qaida for “participating in the financing, planning, facilitating, preparing, or perpetrating of acts or activities by, in conjunction with, under the name of, on behalf of, or in support of”, “otherwise supporting acts or activities of ”, “supplying, selling or transferring arms and related materiel to” and “either owned or controlled, directly or indirectly by, or otherwise supporting” Islamic State in Iraq and the Levant, listed as Al-Qaida in Iraq (QDe.115).

Additional information: 

As of May 2016, the Hanifa Money Exchange Office branch located in Albu Kamal has been used exclusively for ISIL-related transactions.

The Hanifa Money Exchange Office branch located in Albu Kamal, Syrian Arab Republic opened around 2010 and was used to exchange currency between Albu Kamal and exchange houses abroad.

After ISIL took control of Abu Kamal in 2014, the Hanifa Currency Exchange branch located in Albu Kamal, Syrian Arab Republic helped ISIL conduct weapons and ammunition deals.