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 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 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 […]
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 […]
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 […]
Man arrested in Al Anbar province in Iraq for funding the Islamic State
posted by Christopher W. Holton Al Anbar province in Iraq was the worst hotbed for jihadist activity during the insurgency in the wake of the overthrow of Saddam Hussein. It still presents a challenge for Iraqi authorities today… “ Iraqi authorities announced on Monday the capture of a man for providing funding for the terrorist […]
Looted Libyan Artifacts Recovered in Spain, Two Arrested
posted by Christopher Holton Ancient objects looted from areas controlled by the Islamic State group in Libya have been recovered by police in Spain. Two experts in ancient art – both aged 31 – have been arrested in Barcelona. They are suspected of being part of an international ring that bought the artefacts from groups […]
Bandow: Saudi Arabia funding creates breeding ground for Jihad
posted by Christopher W Holton Doug Bandow, writing in the Orange County Register, reminds us that Saudi Arabia has created breeding grounds for Jihadists around the world. Excerpts and link below… Saudi Arabia and the United Arab Emirates have attacked their neighbor, Qatar, for supposedly supporting terrorism. They pretend to be firefighters, but spent years […]
Here we have, unfortunately, yet another example of an enemy within. These stories of homegrown Jihadis here in the U.S. are becoming more and more frequent. This particular case shows why we need a terrorist registry in every state in the United States similar to the sex offender registry that currently operates from coast to […]
Saudi Arabia Criticized for Funding Salafist Islam in Southeast Asia
posted by Christopher W Holton It has been a well-established fact that Saudi Arabia has spent tens of billions of dollars over the past 30-40 years or so proselytizing its brand of Sunni Islam, known as Wahhabism, but properly categorized as Salafism. It is also a well-established fact that Salafi Islam has given rise to […]
Long Island Woman Accused of Funding Islamic State
posted by Christopher W. Holton A Long Island, New York woman named Zoobia Shahnaz has been charged with bank fraud, conspiracy to commit money laundering and money laundering and is being held without bail after evidence indicated that she was sending money to the Islamic State jihadist organization. Shahnaz was born in Pakistan and worked […]
posted by Christopher W. Holton Income for the Islamic State has dropped by 80-percent over two years. According to a study of its finances, an extended air campaign, and loss of territory, hit the oil and tax revenue streams for the militant group. The self-proclaimed caliphate earned an average of $81 million in the second […]
posted by Christopher W. Holton The Islamic State is paying the smugglers’ fees of child “refugees” to attract new recruits. Europol has identified as many as 88,300 unaccompanied minors among the illegal alien population overrunning Europe. Both the ISIS and the Islamic State affiliate in Nigeria–Boko Haram–have been recruiting in refugee camps using financial incentives, […]
posted by Christopher W. Holton Islamic State-linked group wants $5.6 million paid by Aug. 15 for 7 Indonesians it kidnapped June 20. The Abu Sayyaf militant group is holding seven Indonesians it kidnapped June 20 in the Southern Philippines jungles of Sulu, for which it has reportedly asked a ransom of 250 million pesos ($5.6 […]
posted by Christopher W. Holton The Islamic State derives at least a significant portion of its income from oil revenue. U.S. air strikes have reduced that revenue stream. Also, because the number of people living under the direct control of the Islamic State has declined, tax revenues have declined. All of this data comes from […]
Captured Documents Detail Islamic State’s Revenue Streams
Documents captured by U.S. Special Operations Forces in a May raid in Syria reveal how the Islamic State has established departments to handle “war spoils,” including slaves, and the exploitation of natural resources, especially oil. The documents detail how a formerly small Jihadist insurgent organization has set up a sophisticated bureaucracy to handle revenue streams – from stolen oil to looted antiquities. http://news.yahoo.com/exclusive-seized-documents-reveal-islamic-states-department-war-061002683.html
Financial Trail Indicates Islamic State Presence Spreading to Indonesia
Some of the Indonesian men arrested at the weekend after tip-offs that they were planning a string of militant attacks had received funding from Syria, hardening evidence of their links to Islamic State, police said on Monday. “They received transfers of funds … they have a connection with Syria,” national police spokesman Anton Charliyan told […]
posted by Christopher W. Holton India has frozen the assets of 37 entities on charges of terrorist financing and money laundering of illicit funds, according to the latest report by global anti-financial terror body FATF (Financial Action Task Force). The FATF is an inter-governmental body established in 1989 and it is mandated to set global protocols […]
Airstrikes conducted by the US-led coalition destroyed 116 ISIS-operated fuel trucks in eastern Syria in one day, US defense officials said. A Pentagon spokesperson told the AFP news agency that the trucks were struck on Sunday in a single air strike near the ISIS-controlled town of Albu Kamal. The coalition has previously targeted oil trucks, but a […]
The Islamic State has garnered as much as $1.5 billion in revenue by looting banks and illicit oil proceeds, according to a Treasury Department spokesperson. “Our most recent estimates that we can provide publicly are between $500 million and $1 billion in seized bank assets, based on 2014 data,” the official said. “Earlier this year, (the Islamic State) made […]
A New Jersey man pleaded guilty last week to conspiring to provide material support to the Islamic State by financing his brother’s air fare to the Middle East to join the Jihad. Alaa Saadeh’s attorney told the judge that his client won’t cooperate with the federal government or testify against anyone else under investigation for terrorist activity. Saadeh, 24, of […]
UK Islamist Organization Sues Charity Commission
The United Kingdom’s Charity Commission has rightly sought to cut off funding through Islamic charities for the Islamist group CAGE. CAGE has been vocal in support for British Jihadis and has provided legal services for Jihadis. CAGE is largely funded by Islamic charities… CAGE, a UK advocacy group best known for defending Islamic State executioner […]
Jihadi Gangs in Germany Robbing Churches to Fund the Islamic State
Jihadists have been looting churches in the Middle East and southwest Asia for many years to collect stolen artifacts to fund Jihad. But now–perhaps due to the refugee influx from Syria–Jihadists are bringing this tactic to the West, specifically Germany… Eight young men appeared in court in Cologne on Tuesday charged with robbing churches and […]
The Money Jihad blog has a useful post, complete with video, on the Islamic State’s use of stolen antiquities to fund its operations… https://moneyjihad.wordpress.com/2015/10/15/raid-lifted-veil-on-isiss-smuggling-records/
By Christopher W. Holton The Islamic State is back at their “fundraising” efforts, which always seem to involve some form of monstrously illegal activity. Whether it’s black market oil sold through our “allies” in Turkey or black market antiquities sold to unscrupulous art dealers in the West…or simple ransom…the Islamic State has a great need […]
This is maddening. British Muslim Jamal al-Harith was incarcerated at the prison at Guantanamo Bay, only to be released back to Great Britain, which ended up giving him about $1.5 million compensation for his time in prison. So what did Jamal al-Harith end up doing? He joined the Islamic State, which is now no doubt richer […]
Report: Pay Cuts Thinning Islamic State’s Ranks
Hundreds of Isis killers give up terrorism after chiefs cut pay by £200 a month Hundreds of Islamic State terror fighters are deserting the cause – after their wages were slashed. The killers were on £260 a month until cash shortages forced the lower rate of £65. At least 200 IS gunmen have quit and are retreating […]
British Jihadist Placed Under UN Sanctions
By Christopher W. Holton A British Jihadist has been placed under UN sanctions for being a member and recruiter for the Islamic State. Nasser Muthana has had his assets frozen and has been placed on a travel ban list… Sanctions and frozen assets are good…150 grain Full Metal Jacket 7.62NATO rounds are even better…Just saying’… […]
Mass exodus of refugees straining Islamic State’s cash flow
A report claims that the Islamic State is running out of money because so many people are fleeing its lands. The Jihadist terrorist group is haemorrhaging cash and cannot raise more through taxation because of the plummeting population in the territory the Caliphate controls. Its coffers have also been hit by the chaos gripping its previously slick social […]
Toronto Mosque Caught on Video Raising Money for Islamic State
Support for the Islamic State isn’t just happening on Twitter. It’s happening in the mosques…as the video at the link illustrates… http://blog.xanthippas.com/2015/09/04/toronto-mosque-was-collecting-clothes-raising-money-for-isis/
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