Iftin Trading

Iftin Trading Limited was created in year 2003, with the objective of importing products of Mediterranean and Middle East foods with its utmost quality and excellent taste. What we offer

Iftin Trading Limited is a young and modern company with international, dynamic who occupies in offering our customers the best and possible service guaranteeing our portfolio to our buyers and distributors of quality with respect and competitive pricing, punctuality monitoring system thoroughly. Quality Our strength of our company is constituted of a patrimony of mass production, chosen selectively assured and trustworthy. To our Ethnic customers that intend to sell food products.

We are a Somalian trading company based in London (U.K.). We deal general trading, importing and commission agents, and have a complete sales and distribution network with our community.


Company ID: 63281
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They have a MN based US Office:


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Iftin Trading LLC912 24th StMinneapolis MN 55404612-874-9067


IFTIN TRADING is part of these trade networks:
Beverages
Canned/Preserved Food
Cereals
Confectionery
Dairy Products
Rice
Snacks
Spices and Seasonings
Sugars

Ahmed Idris Nasreddin,

• Nasreddine, Ahmed Idriss, was listed as a key contributor to al Qaeda on the Golden Chain list found in the caves of Tora Bora after Usamma ben Laudin escaped.
• Most countries listed him and his companies on sancation lists.
• His son publicacly owns and runs a Nigerian food processing company caled Nasco Foods
• He then went undreground, may have bought property in Panama
• He emerged on 14 November 2007 when the UN removed him and one of his a companies from its sanction list
• No other companies removed him from their sanctiolns list, as of this date
• He has been living publicly since then.

Eritea, which borders on Somalia, is his original home (you may read Ethiopia, but Eritrea ceded from Ethiopia after Idris Nassredin was born.

There, Aburrahim Nassredin has been appointed President of the Eritrea branch of NASCON, a construction company with Headquarters and projects in the UAE They appear to be in the busiess of building high end custom Villas for private individuals....Interesting in Eritrea, a poor country in the Horn of Africa,
Lets monitor his islamic bank transactions and connections (see below) and his connections in the Bahamas.
Lets examine the Nassredin Foundation, established with offices in Lichtenstein - a small European country famous for its bank fronts and money laundering. In fact it is one of the last countries whos laws still allow transactions on numbered accounts - no other id required.
Here is what we have
Nasreddine, Ahmed Idriss,
Nationality: Italian Passport no.: na ra or
National identification no.:
a) Italian Identity Card number AG 2028062 , expired on 7 Sep. 2005
b) Foreign ID card number K 5249
Five Addresses:

a) Corso Sempione 69, 20149 Milan, Italy
b) Piazzale Biancamano, Milan, Italy
c) 10 Route De Cap Spartel, Tangiers, Morocco
d) no: 10, Rmilat, Villa Nasreddin in Tangiers, Morocco
e) Via Maggio 21, P.O. Box 216, 6909 Lugano, Switzerland

Other information:

• Italian Fiscal Code: NSRDRS29S22Z315Y.
• Mr. Nasreddin left his residence at 1 via delle Scuole, 6900 Lugano, Switzerland in 1994 and moved to Morocco.
• He is the president of Miga-Malaysian Swiss, Gulf and African Chamber (this entity was formerly listed under permanent reference number QE.M.78.02 and de-listed on 14 Nov. 2007).

Removed from list on: 14 Nov. 2007

QE.A.74.02. Name:
AKIDA BANK PRIVATE LIMITEDA.k.a.: na F.k.a.:
a) Akida Islamic Bank International Limited
b) Iksir International Bank Limited Address:
C/o Arthur D. Hanna & Company 10 Deveaux Street, Nassau, Bahamas
P.O. Box N-4877, Nassau, Bahamas OQE.A.75.02.
AKIDA INVESTMENT CO. LTD.A.k.a.: Akida Investment Company Limited F.k.a.: Akida Bank C/o Arthur D. Hanna & Company b) 10 Deveaux Street, Nassau, Bahamas c) P.O. Box N-4877, Nassau, Bahamas
GULF CENTER S.R.L.A.k.a.: na F.k.a.:
Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 07341170152 V.A.T. Number: IT 07341170152

MIGA-MALAYSIAN SWISS, GULF AND AFRICAN CHAMBERA.k.a.: na F.k.a.:
Gulf Office Assoc. Per Lo Sviluppo Comm. Ind. E Turis
Fra Gli Stati Arabi Del Golfo E La Svizzera
QE.H.80.02.
HOTEL NASCOA.k.a.: Nasco Business Residence Center SAS Di Nasreddin Ahmed Idris EC Address: Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 01406430155 V.A.T. Number: IT 01406430155

NASCO NASREDDIN HOLDING
Demirhane Caddesi, No: 219,
Zemin Kat, Zeytinburnu, Istanbul, Turkey
Llast address listed for this entry in the Foreign Investment Archives of the Turkish Treasury is “Cobancesme San. Genc Osman Sok. No: 12, Yenibosna, Istanbul, Turkey”
NASCOSERVICE
Corso Sempione 69, 20149 Milan, Italy
Fiscal Code: 08557650150 V.A.T. Number: IT 08557650150

NASCOTEX
Industrie Generale De Filature Et Tissage
Industrie Generale De Textile
7 Route de Rabat, BP 285, Tangiers, Morocco
NASREDDIN COMPANY
NASCO SAS DI AHMED IDRIS NASREDDIN
Corso Sempione 69, 20149 Milan,
Fiscal Code: 03464040157 V.A.T. Number: IT 03464040157
NASREDDIN FOUNDATION
A.k.a.: Nasreddin Stiftung
C/o Rechta Treuhand-Anstalt, Vaduz, Liechtenstein

NASREDDIN GROUP INTERNATIONAL HOLDING LIMITED
A.k.a.: Nasreddin Group International Holdings Limited
C/o Arthur D. Hanna & Company b)
10 Deveaux Street, Nassau, Bahamas
P.O. Box N-4877, Nassau
Bahamas Other information:
All these companies were removed from the United Nations Sanctions list on Novermber 14th 2007. There was really no explanation except the following quote:
"The Committee’s Consolidate List is updated regularly on the basis of relevant information provided by Member States and regional organizations. This is the twenty-second update of the List in 2007.
An updated List is accessible in XML, PDF and HTML formats on the Committee’s website: http://www.un.org/sc/committees/1267/consolist.shtml
ia Maggio 21, P.O. Box 216, 6909, Lugano, Switzerland Other information:
The president of this entity is Ahmed Idris Nasreddin (this individual was formerly listed under permanent reference number QI.N.66.02 and de-listed on 14 Nov. 2007). Removed from list on: 14 Nov. 2007




***********************


Added November 11th, 2011:


"anonymous" has requested that this article be pulled, based on the fact that the both the OFAC and the UN has removed Ahmed Idris Nasreddin from the terrorist watch list. This fact is already listed in the above article.


The bottom line is that while Ahmed Idris Nasreddin has significant family connections to designated terrorists, it must also be said that he has gone through the process of submitting documents that demonstrate that his businesses are no longer directly connected to the businesses that funded al Qaeda.


However, it is our belief that both the listing and de-listing of Ahmed Idris Nasreddin from the terrorist watch lists needs to be a matter of public record.  In fairness, an article by the LA times commenting on the de-listing on 2007 follows:


-Shimron Issachar
****************************************

In 2002, the U.S. said a businessman was aiding Al Qaeda. Now he's quietly off the blacklist.

November 28, 2007|Josh Meyer | Times Staff Writer

WASHINGTON — With much fanfare in August 2002, the Bush administration formally designated prominent Italy-based businessman Ahmed Idris Nasreddin as a top financier of terrorism, saying he was a key moneyman for Al Qaeda's international network.

The United Nations quickly followed suit, requiring its 190 member nations to freeze the assets of Nasreddin and his vast web of business holdings, and to prohibit any individuals or entities in those countries from having any dealings with them.

Two weeks ago, the administration quietly took Nasreddin and a dozen of his financial companies and other holdings off the official blacklist, and the United Nations immediately did the same. Neither agency publicly announced the decision or explained why they were doing so; they simply published the delisting in an updated list of enforcement actions.

Some experts on terrorism financing found the decision puzzling. "You cannot for five years refer to someone as an international terrorist financier, seize all their funds, tell the world that this is a major-league bad guy, and then suddenly change your mind without public explanation," said lawyer Jonathan M. Winer, a former deputy assistant secretary of State for international law enforcement. He represents clients in terrorism financing cases involving sanctions.

"In order to have credibility, you have to explain to the world what has happened, and you have to justify both decisions," Winer said. "Was the initial decision a mistake? And if it wasn't, how do you justify the new decision? It screams out for a full explanation, and none has been provided."

United Nations officials in New York did not return calls and e-mails seeking comment. The Treasury Department declined to discuss the case in detail Tuesday, but issued a statement that suggested it believed that both the initial designation of Nasreddin and his recent "de-listing" were appropriate.

The department's Office of Foreign Assets Control "reviewed all of the information in its possession, including the information upon which Mr. Nasreddin's original designation was based, additional information, and Mr. Nasreddin's submissions in support of his delisting petition," the statement said.

Treasury also said that "a primary basis" for Nasreddin's earlier designation was his support for Youssef Nada, co-founder and co-director with Nasreddin of the prominent Bank al Taqwa, and Nasreddin's support for the bank itself. The bank and Nada, who according to the Treasury Department holds a controlling interest, were first designated as financiers of terrorism in November 2001 by the Bush administration and United Nations. They remain on the blacklist.

But now, the department said, Nasreddin "no longer fits the criteria for designation" because he has submitted signed statements to the Office of Foreign Assets Control certifying that he has terminated any business relationships with Nada, Bank al Taqwa, "and any other designated individuals and entities, and that he will have no such dealings in the future."

"In the event that Mr. Nasreddin recommences his support for designated terrorist entities, OFAC will not hesitate to re-designate him," the Treasury statement said.

A senior Treasury official said that Nasreddin's case was not unusual and that other designated terrorist entities and individuals had appealed and won by going through "a very fact- intensive inquiry."

"People are definitely able to get off [the list], and we've done a whole bunch of delistings where the circumstances warrant," said the Treasury official, who spoke on a condition of anonymity because he was not authorized to speak publicly about the designation process.

Nasreddin, 78, could not be reached for comment, but in the past he has denied any connection to terrorism financing.

In official designation papers in 2002, the Treasury Department said it was joining the Italian government in blacklisting Nasreddin, based on evidence gathered by both countries and several other nations.

Nasreddin provided direct support for Nada and Bank al Taqwa, according to the Treasury Department, which also alleged that the bank and other parts of the broader financial group had "long acted as financial advisors to Al Qaeda" through its offices in Switzerland, Lichtenstein, Italy and the Caribbean.

Victor D. Comras, a former State Department official who participated in the global designation of Nasreddin and Nada when he belonged to the United Nations Al Qaeda Monitoring Group, said the statement by the Treasury Department raised more questions than it answered as to why one of the men was being taken off the blacklist after so many years. The decision itself will open the door for other alleged financiers of terrorism to demand that they be let off the hook as well, he said.

"They seem to be saying that he was a bad guy but that he has renounced being a bad guy," said Comras, now an attorney and consultant on terrorism financing. "If that's the criteria, wow, a lot of people will try to get off the list. All they have to do is say, We're not doing it anymore."

josh.meyer@latimes.com

Somali Pirates Launder Ransome Money Using Kenya Hawala

Millions of dollars obtained through piracy in the Indian Ocean off Somalia are ending up in Kenya and other parts of the world through a complex money laundering scheme, investigations have revealed.

Since the beginning of the year, at least 40 ships have been hijacked by Somali pirates who have received an estimated $30 million (Sh2.4 billion) in ransom payments. Most of these attacks occur in the Gulf of Aden, but the pirates have been widening their range of operations to include waters off Kenya.

International security agencies are now citing Kenya as a hub for piracy-related money laundering activities.

Piracy incidents

A report by the US State Department’s Bureau of International Narcotics and Law Enforcement Affairs says Kenya’s financial system may be laundering more than $100 million (Sh7.8 billion) each year due to the government’s failure to develop an effective anti-money laundering (AML) regime.

• “Kenya lacks the institutional capacity, investigative skill and equipment to conduct complex investigations independently.
• There have been no arrests or prosecutions for money laundering or terrorist financing,” the report says.
• It adds that even for the existing regulations, there is little enforcement. It cites the cross-border currency controls that require any amount of cash above $5,000 (Sh393,000) to be disclosed at the point of entry or exit for record-keeping purposes, but says this provision is rarely enforced, and authorities keep no record of cash smuggling attempts.
  

Recent investigations in which a local bank was linked to laundering of tax evasion proceeds illustrate Kenya’s vulnerability to money laundering, the report adds. “This case illustrates that criminals have been taking advantage of Kenya’s inadequate AML regime for years by evading oversight and/or by reportedly paying off enforcement officials, other government officials and politicians.”

It also says that Kenya has not criminalised the financing of terrorism as required by the United Nations, adding that with the exception of intercepted drugs and narcotics, seizures of assets are rare.

Money transfer

Investigators also raised the alarm about hawala, an informal money transfer system known by its Arabic name, that is facilitating money laundering.

• Players in the maritime industry say this elaborate money transfer system is not only thriving in major urban areas in Kenya, but in numerous African countries, the Arab region, Europe, America and Canada as well where millions of dollars are exchanged without any documentation.
  

Investigations by the Sunday Nation have unearthed a money laundering network being run in backstreet dens in:

• Mombasa’s Old Town
• Nairobi’s Eastleigh neighbourhood
• Kampala
• Juba
• Khartoum
• Dar-es-Salaam
• other major towns in the region.
  

"Many people have opted for the hawala money transfer system as it is cheap and cost-effective, unlike going to the bank to process letters of credit or telegraphic transfers,” a trader conversant with the system told the Sunday Nation.

He said all one had to do was go to a hawala broker, deposit the money for a small fee, then the recipient is alerted by phone or e-mail where to collect the money.

• Charges vary from Sh1,000 to transfer Sh100,000 within East Africa to Sh2,000 to transfer Sh260,000 to Dubai. Recognised financial institutions charge as much as Sh10,000 to transfer the same amounts.
  
• Investigators say this system of money transfer not only abets piracy but also hampers investigations by countries tracking proceeds from drug-trafficking, arms-smuggling and terrorism activities.

The Rest @ The Sunday Nation (Kenya)

Chekry Harb of Hizbullah is Busted

COLOMBIA : US AND Colombian investigators have dismantled an international cocaine smuggling and money-laundering ring that allegedly used part of its profits to finance Hizbullah, the Lebanon-based Shia militia.

• After a two-year investigation, authorities have arrested at least 36 suspects in recent days, including an accused Lebanese kingpin in Bogota, Chekry Harb, who acted as the hub of an unusual alliance between South American cocaine traffickers and Middle Eastern militants, Colombian investigators alleged.
  

Authorities accuse Mr Harb of being a "world-class money-launderer" whose ring washed hundreds of millions of dollars a year, from Panama to Hong Kong, while paying a percentage to Hizbullah.

• Mr Harb was charged with drug-related crimes in a sealed indictment filed in Miami in July, but terror-related charges have not been filed.
• The suspects allegedly worked with a Colombian cartel and a paramilitary group to smuggle cocaine to the US, Europe and the Middle East.
• Mr Harb travelled to Lebanon, Syria and Egypt and was in phone contact with Hizbullah figures, according to Colombian officials.

"The profits from the sales of drugs went to finance Hizbullah," said Gladys Sanchez, lead investigator for the special prosecutor's office here. "This is an example of how narco-trafficking is a theme of interest to all criminal organizations, the FARC, the paramilitaries and terrorists."

FARC is the Revolutionary Armed Forces of Colombia, the guerrilla group that was alleged to have had links with the IRA.

Iran, a Hizbullah sponsor, and donations from the Lebanese diaspora are two sources for a multimillion-dollar budget that pays for the militia's armed and political wings and social projects such as hospitals in Beirut.

However, investigations have shown that Hizbullah also funds itself through:

• drug dealing
• arms trafficking
• contraband smuggling
• other rackets in the Americas, Africa and elsewhere.
  

Western anti-terror agents have expressed concern about signs of an increasing Hizbullah presence in South America.

• In June, the US Treasury Department designated two Venezuelans of Lebanese descent, one a diplomat, as Hizbullah financiers and supporters.
• The case began as a money-laundering investigation, but agents discovered the alleged links between Mr Harb and Hizbullah operatives as they followed the money.
• Harb's group allegedly paid Hizbullah 12 per cent of its profits, investigators said, without giving a dollar figure.

- (LA Times, Washington Post Service)

The Rest @The Irish Times

Sweden's Somalian Terrorist Financing Network al Barakaat to Reopen

The European Court of Justice in Luxemburg has annulled a 2005 ruling against a Sweden-based Somali banking network which had its assets frozen due to suspicions of ties to terrorism.

Because those associated with the al Barakaat International Foundation, based in the Stockholm suburb of Spånga, had no way to defend themselves against the charges, the Court of Justice ruled that their fundamental rights had been violated.

“It’s with great joy that this ruling has come. Time after time we have said that we are subjected to a violation of our legal rights, and the judgment confirms that,” said Abdirisak Aden, one of the three Somali-born Swedes who were singled out by the United Nations, the EU, and Sweden has associating with terrorists and had their assets frozen as a result.

Thomas Olsson, who handled the case for the three Swedes and their organization, sees the decision as good news for everyone who has used the informal al Barakaat banking network for sending money to relatives back in Somalia.

“But this is also an unbelievable relief for all of us. The court showed that human rights must be enforced when we are fighting terrorism, and that there is a guarantee that the battle is about something which is worth protecting, namely the democratic state governed by law,” he said.

• The court also nullified the regulations which made the freezing of al Barakaat’s assets possible.
• In setting aside the 2005 ruling, the court concluded that “the rights of the defence, in particular the right to be heard, and the right to effective judicial review of those rights, were patently not respected”.

The al Barakaat asset freeze took place following the September 11th, 2001 terror attacks in New York and Washington.At the time, the United States Treasury Department generated a list of individuals and organizations it saw as having ties to terrorism.

The list was subsequently accepted in its entirety by the United Nations, which in turn created its own list. As a UN member, Sweden was required to make legislative changes in order to enact the provisions.

In addition to al Barakaat, three Somali-born Swedes were affected by the new asset-freezing legislation.

The Rest @ RaxanReeb Blog

Dahabshiil, The Qutbist Jihadi's Best Friend

Somalia based, Dahabshiil has many locations in:

Austria
Bahrain
Canada
Denmark
Djibouti
Egypt
Ethiopea
Finland
India
Jordan
Kenya
Kuwait
New Zealand
Norway
Qatar
Sengal
Sudan
Sweden
Switzerland
Syria
Tanzania
Uganda
United Arab Emirites
United Kingopm
United States
Yemen

Find Cities Here

Anyone Who can fill out this application can join their Hawala Network.

dahabsiil
dahabsiil
dahabsil
dahabshil

Don't worry they trust your good judegment. al Taqiyya is really a Shi'ia problem. They will believe what you say.

Do they really check to see if these anti terror ism standards are being met?

(THIS POST or SITE IS NOT AFFILIATED OR A SUPPORTER of Dahabshiil )

Portrait of Hezbollah Reverese Money Laundering Scheme in Africa

A Zakat Fund committee from a very Large Dubai based Bank issues A Credit Line to an account in a Western Bank.

Small local Shiite-0wned businesses buy cars (Mostly Honda, Toyota and Nissan) at Auction in the Suburbs of Dallas, Atlanta, Los Angeles, Mobile, New Orleans and Phoenix.

The credit line, which originated in the Zakat Fund, is used to pay off the credit cards used by the Shiite business men to buy the auctioned cars.

Using non-Shia owned import/export companies, They sell the cars at a profit to Lebanese businessmen in West Africa, who:

• Sell the cars to markets in places like Nigeria, Sierra Leon, Liberia, Ghana, Algeria, Morocco, etc.
• Some vehicles are traded for other cars which are in turn made available to Jihadis
• Hezbollah Tax collectors, which make regular cash collections in Africa, take the cash to Iranian-based banks in Venezuela, Lebanon, and Syria.

These funds are used to Fund Terror activities around the world...

Check out who is buying lots of auctioned cars in places like Marietta Georgi and Lewisville Texas.

-Shimron