posted by Christopher W. Holton The National out of the UAE has published an important article. In the article linked below there are some revelations that should be noted by everyone concerned about the financing of Jihadist terrorism and associated money laundering. First of all, the Islamic State (ISIS) evidently made extensive use of cryptocurrencies […]
posted by Christopher W. Holton We recently warned readers that the shariah finance industry would likely tout shariah compliant finance as a shelter from the economic fallout from the Wuhan virus pandemic. That hasn’t started yet, but we are seeing the shariah finance industry referencing the pandemic to spread propaganda about shariah compliant finance in […]
Beware of Financial Jihadist Claims in Post-Pandemic Market
posted by Christopher W. Holton The world economy and financial markets have been beset by an unprecedented collapse brought about by the Wuhan virus pandemic. In such environments charlatans and swindlers often move in to take advantage. One particularly risk for investors will be promoters of shariah-compliant finance. Shariah complaint finance is a form of […]
posted by Christopher W. Holton Back in 2016 SFW covered a couple of stories of World Vision, a Christian charity that became involved in raising money that went to Jihadist organizations: https://shariahfinancewatch.org/category/world-vision/ Middle East Forum has done a terrific job of keeping up to date on that topic and they held a webinar recently that […]
posted by Christopher W. Holton Excellent column from Arab News…Excerpts and LINK below… With Iraq’s foremost cleric, Grand Ayatollah Ali Al-Sistani, increasingly elderly and frail, Tehran has invested millions in the cause of theocratic domination of the holy cities of Najaf and Karbala, seeking to dictate the Shiite leadership succession. This includes winning the allegiance […]
posted by Christopher W. Holton Hezbollah is stepping up a campaign to place its allies at the heart of Lebanon’s banking system as the US seeks to disrupt the armed group’s financial networks… https://www.thenational.ae/world/hezbollah-steps-up-campaign-for-control-of-lebanon-s-financial-system-1.1006054
posted by Christopher W. Holton Zakat Foundation of America has been conducting a PR campaign promoting its work associated with the Wuhan virus pandemic. What they don’t want the world to know as much about is the organization’s disturbing ties to terror…as a terrific investigation by the Investigative Project on Terrorism and the Middle East […]
posted by Christopher W. Holton The National in the United Arab Emirates has published a story with details about Mohammad Abd Al Hadi Farhat’s ties to Iran’s illicit business operations in support of jihad in Iraq. A shadowy Hezbollah intelligence operative in Iraq has close ties to what the US refers to as a key […]
posted by Christopher W. Holton We’re starting to see a number of left-wing pundits in the U.S. calling for lifting of sanctions on Iran (the world’s most active state sponsor of terrorism) due to the Wuhan virus. Cliff May correctly points out in an op ed in the Washington Times, that lifting sanctions on Iran […]
posted by Christopher W. Holton The Australian Charities and Not-for-Profits Commission has 19 active investigations under way into terrorism financing according to the Australian Associated Press. The Commission has previously conducted and completed 34 such investigations. Seven charities have been “deregistered” as a result of those investigations. Long-time readers of SFW will recall that terrorism […]
posted by Christopher W. Holton The U.S. has designated a large web of front companies and entities which are part of Iran’s jihad operations in Iraq, where U.S. troops have been under attack by jihadi groups armed and funded by Iran. According to the U.S. Treasury Department, the sanctions are aimed at “Iraq-based front companies, […]
posted by Christopher W. Holton In a story that has been mostly overlooked in the media, the U.S. secured the release of U.S. citizen Amer Fakhoury from custody without charge in Lebanon. You can read all about the coup at the Jerusalem Center for Public Affairs, but the relevance from a financial standpoint is that […]
posted by Christopher W. Holton The U.S. Military Academy at West Point’s Combating Terrorism Center has just published an analysis of the nature and characteristics of financial support within the U.S. for the Islamic State jihadist terrorist organization. It basically reveals that most Islamic State activities in the U.S. are self-funded and/or involve relatively small […]
posted by Christopher W. Holton Just another way in which jihad has cost the world so much in terms of money, not to mention human misery, economic disruption and the costs of increased security… Close to 1,600 victims of terror attacks have applied to the Financial Assistance Commission for compensation, according to the Justice Department. […]
posted by Christopher W. Holton “AUSTRAC, Australia’s anti money-laundering (“AML”) and terrorism-financing regulator, filed a civil action in Australian court alleging over 23 million breaches of Australian AML/counter-terrorism financing legislation by Westpac, including a failure to report more than 19.5 million international fund transfers, failure to perform enhanced due diligence on correspondent banks in high-risk […]
posted by Christopher W. Holton Two Sydney, Australia men have been jailed in a $17 million money laundering scheme that, at the very least, operated “alongside” a terrorist sympathizer. Ahmad Ali and Fouad Moussa were sentenced in the New South Wales District Court after pleading guilty to the scheme. “In each case, the deposit was […]
by Christopher W. Holton On March 20, the U.S. imposed more sanctions on Iran in response to rocket attacks on two bases in Iraq that housed US troops — targeting Iran’s financial system and Iran’s metals and iron industry. “I’m holding the Iranian regime liable for attacks towards United States personnel and pursuits by denying […]
posted by Christopher W. Holton Bank Islam Malaysia reports that one of its employees at Menara Bank Islam tested positive for the Wuhan virus. As of now, there has been no reported interruption of business operations at Menara Bank Islam.
posted by Christopher W. Holton “Iran’s regime has launched a massive new campaign claiming its failure to handle the coronavirus crisis is due to sanctions imposed by the United States. There’s not an iota of truth to this claim, and it’s by no means a widely held view. Still, several U.S. lawmakers are backing up […]
posted by Christopher W. Holton A speakers’ meeting of the Global Forum on Islamic Economics, Finance and Banking held in Pakistan called for the promotion of Shariah-Compliant Finance around the globe for Muslim and non-Muslim countries as well. This was expressed as an effort to replace the current global banking system with one based upon […]
posted by Christopher W. Holton The ignorance of shariah certainly plays a role in the cooperation by Christians and Jews in facilitating Shariah-compliant finance. For example, according to The Reliance of the Traveler, the widely distributed and read manual of Islamic sacred law, it is unlawful under shariah to assist the religion of the Jews […]
posted by Christopher W. Holton BreitBart is reporting that the terrorist IRGC in Iran is capitalizing off the Wuhan virus to raise money… On Sunday, Radio Farda caught an IRGC general actually fundraising off the coronavirus with a video ad: Circulating a commercial video on his Telegram Channel, IRGC Brigadier General Mohammad Baqer Qalibaf (Ghalibaf) has called upon people to […]
Jihadi Charities Expand in Indonesia
posted by Christopher W. Holton East Asia Forum has an important article posted on the proliferation of charities supporting Jihadist groups in Indonesia. This has been a problem for well over a decade now as Indonesian security and intelligence services battle terrorists both kinetically and in the financial realm. Here are the highlights of the […]
Posted by Christopher W. Holton This is a story that should be getting much more attention, but for the Wuhan virus dominating the news. This guy lived for 13 years in Austria and sent money back to Lebanon to fund the Jihadist terrorist organization Hezbollah. This shows the degree to which Hezbollah has embedded itself […]
posted by Christopher W. Holton The Enforcement Directorate (ED) is poised to seize about 14 properties in Jammu and Kashmir belonging to Pakistan-based Lashkar-e-Taiba (LeT) terrorist outfit chief Hafiz Muhammad Saeed in an attempt to clamp down on terror funding, the Economic Times reported… The ED has identified 13 properties belonging to other militant organisations. .. https://www.timesnownews.com/business-economy/economy/article/ed-cracks-down-on-terror-funding-to-seize-properties-of-hafiz-saeed-zakir-naik/373999
posted by Christopher W. Holton Jaish-e-Mohammed (JeM), the jihadist terrorist group that launched an attack on an Indian army outpost in Kashmir that has put India and Pakistan on the brink of full-scale war, has a long history of waging violent jihad. It turns out it also has a history of acquiring and running seemingly […]
posted by Christopher W. Holton Recently the Free Beacon ran a report summarizing the influence operations being run by Qatar here in the U.S. Those influence operations are generated largely thanks to massive amounts of money… “The reason they’re so helpful in counter-terror operations is because they know all the terrorists because they fund them,” […]
A leaked report allegedly produced by the Tunisian Commission for Financial Analysis (CTAF) reveals an investigation into a prominent leader of Islamic Relief – the international Islamist charitable network founded in the U.K. and named by the United Arab Emirates as a terrorist organization – over concerns that monies given to Islamic Relief’s Tunisian branch […]
posted by Christopher W Holton The European Union on Tuesday froze the assets of an Iranian intelligence unit and two of its staff, as the Netherlands accused Iran of two killings on its soil and joined France and Denmark in alleging Tehran plotted other attacks in Europe. https://www.reuters.com/article/us-iran-sanctions/eu-puts-iran-intelligence-unit-and-two-staff-on-terrorism-list-freezes-assets-idUSKCN1P20UA
Six go on trial in Sweden for financing the Islamic State
posted by Christopher W Holton Six Uzbek and Kyrgyz nationals living in Sweden went on trial in Stockholm on Monday accused of funding terrorism, three of them also charged with plotting a terrorist attack. The first day of the trial focused on the prosecution’s claim that the six men sent funds to the Islamic State to […]
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