...... the personification of Somali state failure...extortion racket continues to expand, despite efforts by the federal government of Somalia to destroy channels that are used by the group, which still controls large swathes of rural central and southern Somalia but has since lost a sizeable portion following the latest operation.
A study done by the Africa Center of Strategic Studies notes that the group has been doing formal banking necessitating the recent action by the government of Somalia to implement Anti-Money-Laundering and Countering the Financing of Terrorism Act in 2016 which requires financial institutions to report transactions that exceed $10,000.