US Slaps Sanctions Against LeT Leader, Its Financial Conduit

Published: 27th August 2014 11:30 PM  |   Last Updated: 27th August 2014 11:30 PM   |  A+A-

WASHINGTON: The US today slapped sanctions against a Lashkar-e-Taiba (LeT) leader and a financial conduit of the Pakistan-based terrorist group that has been involved in a series of attacks in India, including the 2008 Mumbai attacks.

The US Department of Treasury targeted the leadership and financial networks of LeT by designating Muhammad Iqbal and Asma Money Exchangers as Specially Designated Global Terrorists (SDGTs).

Iqbal and Asma Money Exchangers are being designated for providing financial, material, or technological support to, or financial or other services to or in support of LeT.

Asma Money Exchangers is also designated for being owned or controlled by Iqbal, the Treasury said. "Muhammad Iqbal exploited the trust placed in him as a financial intermediary to help LT receive money through his business, Asma Money Exchangers," said Under Secretary for Terrorism and Financial Intelligence David S Cohen.

"Money service providers and other financial institutions must be careful gatekeepers, and keep terrorist money out of the international financial system," he added.

Iqbal is a founding member of LeT-affiliated NGO Falah-i-Insaniat Foundation’s (FIF) governing board.

Since its inception LeT has been focused on carrying out major terrorist attacks inside India. LeT claimed responsibility for the 2008 Mumbai terrorist attacks that killed at least 166 people.

The State Department identified FIF as an alias of the LeT in November 2010.

"Iqbal uses his business, Asma Money Exchangers (AME), to  onduct financial transactions on behalf of the LeT and its affiliates," the Treasury said.

As of April 2013, Iqbal informed customers that they could send money from AME to LeT front Jamaat-ud Dawa (JUD), which the State Department identified as an alias of LeT in April 2006.

As of 2010, Iqbal has also served as FIF’s Finance secretary.

In this role, Iqbal shared responsibility along with six ther FIF officers for approving new members of the group.

Stay up to date on all the latest World news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp