Suspected Arms Dealers Moved Millions in Somali Money Transfers, Report Says

Somali Puntland forces receive weapons seized in a boat on the shores of the Gulf of Aden in the city of Bosasso, Puntland region, Somalia Sept. 23, 2017. Abdiqani Hassan/Reuters

NAIROBI—Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, according to a report seen by Reuters.

The findings by the Global Initiative Against Transnational Organized Crime, a Geneva-based research group, could further complicate attempts by Somali transfer companies to retain access to international banking services.