Minneapolis man sentenced in St. Louis for structuring overseas financial transactions - KMOV.com

Minneapolis man sentenced in St. Louis for structuring overseas financial transactions

ST. LOUIS (KMOV) – A Minneapolis man was sentenced in a St. Louis courtroom to three years of probation and 40 hours of community service for conspiracy to structure overseas financial transactions.

According to court documents, Abdi Mahdi Hussein worked at Qaran Financial Express since April 2008 and his duties included transferring money from people inside the United States to others overseas.  Hussein and co-defendant Mohamud Yusuf used false names and divided $21,000 into small amounts then transferred it to an individual located in Kenya in 2008 and 2009.

The separate transfers were below the threshold which would have required Hussein and Qaran Financial Express to identify Yusuf in its record keeping as the sender of the money.

“Abdi Hussein intentionally violated federal law by helping Mohamud Yusuf avoid detection,” Sharon E. Ormsby, FBI St. Louis Division official, said.  “Hussein intentionally wired the money from Yusuf in small enough increments to circumvent record keeping and documentation requirements.”

In January, Hussein pled guilty to one felony count of conspiracy to structure overseas financial transactions.  Yusuf pled guilty to international terrorism charges in November and is awaiting sentencing.
 
Hussein was not charged with any terrorism offense and was not alleged to have knowingly been involved in terrorism activities with Yusuf or others.

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