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Iftin Express refutes money laundering claims, says report ‘fabricated’

A Somali based money transfer company has refuted claims it was involved in illicit money transfers following a report by Reuters allegedly linking it to the malpractice.

A Somali based money transfer company has refuted claims it was involved in illicit money transfers following a report by Reuters allegedly linking it to the malpractice.

Iftin Express based in Puntland termed the report as ‘frabricated’ and based on fraudently made up receipts.

 

“Iftin Expressmakes it known that allegations made in this report have been based on a single forged receipt on a pseudo-transaction which had purportedly taken place in March 2020,” the company said in a statement.

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