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U.S. and U.N. End Sanctions Against Individual, Bank Deemed Terror Financiers
By Brian Orsak
printAn Eritrean businessman accused by the Bush administration of financing al-Qaida and a bank he founded have been removed from sanctions lists kept by the U.S. and the United Nations. The U.S. Treasury Department blacklisted Milan, Italy-based businessman Ahmed Idris Nasreddin in April 2002, accusing him of operating an extensive financial network that provided direct support for terrorists through two shell banks in the Bahamas. The United Nations issued sanctions against Nasreddin later that month. The banker "provided direct support" to sanctioned Saudi businessman, Youssef Nada and Bank Al Taqwa, which were designated terror financiers in November 2001, according to...
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