The family of convicted Sydney terrorist Khaled Sharrouf have had their Lakemba money transfer business permanently shut down by financial intelligence agency AUSTRAC, after it failed to provide evidence that money it had sent to the Middle East was not funding terrorism activities.
AUSTRAC acting head John Schmidt said the firm, Bisotel Rieh, is believed to have transferred funds close to $21.3 million for the period from January to August this year.
He said Bisotel Rieh has been unable to account for monies sent to Turkey and Lebanon and “routinely” failed to provide information pertaining to the final recipient of certain funds.
Sharrouf’s sister Damour and her husband Ahmed Alwash, who run the firm, had their business operations suspended on September 16.
The business is one in a string of crackdowns by Australian authorities, with Fairfax reporting several community members have had their bank accounts frozen.
Convicted terrorist Khaled Sharrouf fled to Syria last year and is wanted by international authorities for terrorism offences.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.