The sister of Khaled Sharrouf has described the actions of her terrorist brother as "abhorrent" and repugnant to Australian law and values.
Proceedings have commenced to have Lakemba money transfer business Bisotel Rieh, owned by Damour Sharrouf and her husband Ahmed Alwash, permanently shut down after it failed to convince authorities that millions of dollars sent to the Middle East were not being used to fund terrorism.
Financial intelligence agency AUSTRAC moved against the remittance firm on September 16 over concerns it was sending up to $20 million to Turkey and Lebanon to finance terrorism.
The firm on Thursday afternoon released a statement acknowledging the AUSTRAC action and the firm's links to Sydney terrorist Khaled Sharrouf, who fled to Syria via Malaysia on his brother's passport last year and is wanted for terrorism offences.
"Bisotel acknowledges that Ms Sharrouf's brother, Khaled Sharrouf, is a member of a proscribed terrorist organisation and has in recent months engaged in shocking behaviour that is repugnant to Australian law and values, and that Ms Sharrouf herself finds abhorrent," the statement reads.
The statement says that AUSTRAC has identified a number of issues with its "existing systems, practices and procedures for managing the risk that it may, inadvertently or not, facilitate terrorism funding".
Bisotel said that AUSTRAC's notice did not cancel the firm's registration, saying it has until October 27 to make submissions. It also states that there are no allegations that Bisotel, Ms Sharrouf or Mr Alwash have "financed terrorism or provided funds to Khaled Sharrouf".
Sharrouf, a 33-year-old father of five from Punchbowl, is Australia's most-wanted terrorist. He shocked the world in August by releasing a photo of his young son holding the severed head of a Syrian soldier.
