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 […]
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 […]
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 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 […]
Open source reporting dated November 2014 indicated the leader of the Islamic State, Abu Bakr al-Baghdadi, ordered the minting of its own gold, silver, and copper “Islamic dinar” coins. On June 30, 2015, A Syrian activist claimed that the Islamic State began the minting, posting photos of a gold Islamic State dinar to his Twitter […]
US Treasury Sanctions Three Kuwaitis for Funding Al Nusrah Front, ISIS
The U.S. Treasury Department said this week that it has imposed sanctions on three financiers of terrorism. The three Kuwait-based financiers are suspected of funding Jihadist groups in Syria and Iraq, underscoring the growing concern about Kuwaitis’ links to Al Qaeda and other Jihadist terror groups. The Treasury Department’s counterterrorism arm has grown increasingly vocal in recent months about Kuwaitis’ […]
The Islamic State of Iraq and Syria is flush with cash, and holds as much as $2 billion. Counterterrorism officials say the group knows how to use that money to its advantage. It’s showing a kind of professional acumen and discipline that sets it apart from other terrorist organizations. But what kinds of attacks can […]
ISIS funded by donations, crime
The word “zakat” does not appear in this article from Fox News, but the system they’re describing is in fact zakat… Long before it looted the Iraqi central bank in Mosul of $429 million, the Islamic State in Iraq and the Levant/Syria (ISIS) was well-funded in its quest to establish a Shariah caliphate, thanks to […]
The Islamic State of Iraq and Syria just got extremely rich. As insurgents rolled past Iraq’s second largest city, an oil hub at the vital intersection of Syria, Iraq and Turkey, and into Tikrit, several gunmen stopped at Mosul’s central bank. The group made off with 500 billion Iraqi dinars — $425 million. The provincial […]
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