Qatari financier in the spotlight following report on UN fund freeze breach

Since he was blacklisted in 2008, the UN has allowed Khalifa al-Subaiy to withdraw up to $10,000 monthly from frozen accounts. (Screen grab)

A Qatari financier, Khalifa al-Subaiy, who the US says supplied financial support to senior al-Qaeda leaders, is in the spotlight following a Wall Street Journal report that claims blacklisted individuals continue to get access to their bank accounts.

According to the report, they are taking advantage of loopholes in UN Security Council sanctions procedures to gain access to their funds.

In 2008, Al-Subaiy was convicted on charges of funding and enabling terrorism, and his name was added to the UN terror blacklist. However, the UN has allowed him to withdraw a monthly amount of up to $10,000 from frozen accounts for “basic necessities,” the report said.

Over 250 individuals have been designated by the Security Council as members or backers of al-Qaeda or ISIS. Blacklisted individuals are barred from accessing any form of finances, in order to prevent them from carrying out further attacks.

Al-Subaiy, a former Qatar central bank official, continued to finance terrorist activities for at least four years after his release, says the report.

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Last Update: Wednesday, 20 May 2020 KSA 09:55 - GMT 06:55
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