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 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 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 […]
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 […]
SFW readers may recall our coverage of the case involving a Turkish gold trader on trial for laundering money to bypass sanctions for Iran: https://shariahfinancewatch.org/2017/11/30/turkish-despot-erdogan-implicated-in-plot-to-launder-money-for-ayatollahs-in-iran/ https://shariahfinancewatch.org/2017/12/06/gatestone-institute-report-turkey-laundering-billions-for-iran/ https://shariahfinancewatch.org/2017/12/14/turkish-banker-accused-of-helping-iran-launder-billions-seeks-mistrial/ Now, The Atlantic has published an exhaustive investigative piece on this case written by the intrepid Jonathan Schanzer. It is MUST READING… The Biggest Sanctions-Evasion Scheme in Recent […]
posted by Christopher W Holton Politico has a blockbuster and exhaustive report posted that details Hezbollah’s criminal enterprises that finance its Jihad…and how Barack Obama’s desperation to reach a nuclear deal with Iran ended up blocking the task force that was going after them… https://www.politico.com/interactives/2017/obama-hezbollah-drug-trafficking-investigation/
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 Lawyers for a Turkish banker on trial in New York on charges that he helped Iran evade U.S. sanctions asked a judge on Wednesday to declare a mistrial, saying testimony by a former Turkish police investigator should not have been allowed in court. The lawyers for Mehmet Hakan Atilla, an […]
The Gatestone Institute has posted an excellent analysis of Turkey’s activities to launder money to help Iran, the world’s foremost state sponsor of terrorism, bypass sanctions. Here are some excerpted highlights and a link to the report: In the investigation, Zarrab was accused of running a network that laundered at least $87 billion to bypass […]
posted by Christopher W. Holton In stunning testimony in a blockbuster legal case in New York on money laundering and alleged violations of sanctions against the Islamic Republic of Iran, the key figure in the trial today declared that Turkish dictator Recep Erdogan was up to his ears in the scheme. This revelation confirms two […]
posted by Christopher W. Holton A New York jury has ruled that the U.S. government can seize a Manhattan skyscraper worth as much as $1 billion from an Iranian-American charitable foundation accused of violating sanctions against Iran. The U.S. federal court on June 29 ruled that Alavi Foundation, the majority owner of the 36-story office […]
posted by Christopher W. Holton U.S. prosecutors on Tuesday charged an executive at a Turkish state-owned bank with participating in a multi-year scheme to violate U.S. sanctions against Iran, escalating a case that has added to tensions between the United States and Turkey. Mehmet Hakan Atilla, a deputy general manager of Halkbank, is accused of […]
Australia and Germany Cease Funding for World Vision
posted by Christopher W. Holton As we reported here a few days ago, World Vision, a Christian charity with a clear anti-Israel bias, was charged in Israel with funding HAMAS, a Jihadist terrorist organization, thanks to the actions of one of the charity’s leading Muslim employees. Now, Australia and Germany have decided that funding World […]
posted by Christopher W. Holton There are growing concerns in Australia that the country’s Muslim population has become a surreptitious source of funding for Jihad across Asia… http://www.abc.net.au/news/2016-08-10/australia-monitoring-terrorist-groups-in-asia-for-funding-links/7711802 Meanwhile, Australia has set up a special unit to track such payments over the Internet… Australia has set up a cyber-intelligence unit to identify terrorism financing, money […]
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 […]
Two Beirut residents have been arrested on U.S. charges that they took part in an alleged scheme to help Hezbollah launder drug money, and to funnel thousands of weapons and military parts to criminal groups in Lebanon and Iran. Iman Kobeissi, 50, was arraigned in Brooklyn on Friday and held without bail, following her arrest […]
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/
Readers can view the report in its entirety here. We will post a review with highlights soon… https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/468210/UK_NRA_October_2015_final_web.pdf
Malaysia has emerged over the past several years as the Asia-Pacific region’s capital of Shariah finance. That’s what makes the fact that its Prime Minister is up to his ears into a corruption probe of a huge state investment fund all the more troubling… Switzerland’s Office of the Attorney General on Friday said it had […]
Scotland Yard says officers were investigating ‘large-scale fraud’ linked to UK Jihadists travelling to Syria. British Counter-terrorism police investigating fraud linked to extremists travelling to Syria have arrested six men and a woman. The six male suspects have been arrested for conspiracy to commit fraud and money-laundering, while the woman was held on suspicion of money-laundering […]
Australian authorities are not investigating enough money laundering offences and the nation’s charity sector is at risk of being used to channel funding to terrorists, an intergovernmental policymaking group has found. http://www.theaustralian.com.au/in-depth/terror/charity-sector-faces-high-risk/story-fnpdbcmu-1227314264173
France continues t0 get more serious in the battle against Jihad, but these measures are sure to be controversial. It’s not clear, on the other hand, that they will be effective against Jihad… France steps up monitoring of cash payments to fight ‘low-cost terrorism’ France will step up monitoring of cash payments, withdrawals and small […]
Hezbollah’s Jihadist tentacles spread far and wide. The latest evidence comes from Nigeria, where Hezbollah is involved in extensive drug trafficking and money laundering activities to finance its terrorism… https://moneyjihad.wordpress.com/2015/03/03/hezbollah-financier-in-nigeria-exposed/
Three Men, One Woman Arrested in Sweden for Funding Islamic State
Swedish police have detained four suspects on suspicion of having used six companies to fund the Islamic State in Syria. Police sources told the Dagens Nyheter daily that a “large raid” took place in Stockholm as part of a probe into money laundering and undeclared work. Swedish authorities estimate that up to 10 million Swedish kronor ($1.19 million, […]
A Bangladeshi newspaper has reported that an official in Pakistan’s embassy in Bangladesh was involved in funding Jihadist organizations. The language is kind of rough, so we aren’t posting an excerpt, but here is a link… http://daily-sun.com/print/front-page/2015/02/02/485635
A MUST-read from the experts at Money Jihad blog: http://moneyjihad.wordpress.com/2014/11/24/10-tips-for-businesses-to-avoid-financing-terror/
Opium Trade Flourishes in Afghanistan; Taliban Benefit
Despite previous efforts by the US to reduce Afghan dependence on the opium trade, opium production and exports are soaring once again in Afghanistan. This is bad news in and of itself, but the worst aspect is that it enriches Taliban Jihadis… “The Taliban’s involvement with the narcotics trade has increased steadily over time,” Colin […]
Australian Money Transfer Firm Shut Down Amid Suspicions of Terror Financing
An Australian money transfer business owned by the sister and brother-in-law of a convicted Sydney terrorist named Khaled Sharrouf has been shut down amid concerns it was sending millions of dollars to the Middle East to finance terrorism. Damour Sharrouf and her husband Ahmed Alwash have had their Lakemba firm Bisotel Rieh Pty Ltd suspended after the […]
Bahamas Senator Keith Bell said an unregulated ‘numbers’ industry could leave the door open to webshops in that nation possibly funding international terrorism. “We are here to ensure that we regulate money laundering in our country,” Mr Bell said. “We want to prevent it and we also want to ensure that we guard against terrorist financing. When we […]
How HAMAS Gets Money
Smuggling of money by traders is a relatively simple example for the tactics the Hamas leadership has developed to funnel money to the organization in Gaza, the West Bank and inside Israel, as Israeli banks have refused to allow money transactions to and from Gaza fearing it will be used for funding terrorism.These tactics have […]
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