MMA denies US suggestion it has knowledge of terrorist funding
12 May 2014, 6:49 PM
Lucy Lovell
The Maldives Monetary Authority (MMA) has rejected claims by the US State Department that it has any knowledge of funds being used to finance terrorist activities abroad (May 11).
The MMA’s statement came in response to a report from the US government that the authority believed funds from the Maldives were being used to sponsor terrorist activities.
“The MMA has neither received nor communicated any information regarding confirmed operation of terrorist financing activities,” said the MMA.
The US Country Reports on Terrorism 2013 claimed that criminal proceeds were coming from hawala systems (informal money transfer networks) to transfer money between islands.
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