The Ethiopian Federal Police in coordination with Financial Intelligence Service carried out an operation which resulted in control of difference currencies related with criminal activities. Accordingly, Police conducted a search on suspected 42 individual houses.

It found that 1,363,170 Ethiopian birr were illegally stored at home bypassing the Ethiopian National Bank Directive. In addition a large amount of US dollar and other countries’ currencies were also seized.

The Ethiopian Federal Police previously seized 448,550 USD. It is also a recent development that the Ethiopia Federal Police and the Financial Intelligence Service of Ethiopia, working in cooperation has freeze 276 million Ethiopian Birr intended to be transferred to the terrorist group-TPLF.  

Currently about one million Ethiopian are expected to come to Ethiopia from different countries. In relation to this all Ethiopian and individuals are advised to use only legal channels of money transfer and contribute to the fight against money laundering crimes.