Al Shabaab’s domestic fundraising from taxation activities has been estimated at more than $10 million per year by a United Nations Monitoring Group report.  This amount is believed to be more than adequate to sustain the group’s insurgency. The group operates as a quasi-government in the areas it influences (although no longer directly controls), and […]

The US Department of the Treasury has sanctioned two Hizballah financiers, Shibl Mhusin ‘Ubayd Al-Zaydi, and Adnan Hussein Kawtharani. Al-Zaydi served as a financial facilitator between IRGC-QF and armed groups in Iraq. He has facilitated investments in Iraq on behalf of the IRGC-QF Commander  Qasem Soleimani, and  has coordinated the smuggling of oil from Iran.  […]

The Islamic State in Somalia is assessed to be cash poor, according to a recent report from the Hiraal Institute. The group raises money through donations (some of which may be voluntary), as well as taxation and extortion. The group focuses on larger businesses within its area of operations, avoiding taxing smaller businesses. While the […]

Recent analytic work conducted by GIABA and FATF has revealed trends and typologies of how terrorists in West Africa finance their activities. Terrorists finance their activities through trade, non-governmental and charitable organizations, taxation, through criminal activities such as the smuggling of weapons, and drug trafficking. They move their funds through cash couriers, as well as […]

PayPal has closed the account of Germany-based International Alliance, an NGO that is reported to sympathize with the Popular Front for the Liberation of Palestine (PFLP). On 1 September 2018, the German bank Sparkasse Witten also closed the account of International Alliance. The PFLP is currently a listed terrorist entity in several countries including Canada […]

This fall, the trial of Awso Peshdary will resume in Ottawa. The terrorism trial, a rarity in Canada, will focus on Peshdary’s alleged role in recruiting, financing, and facilitating terrorism. Awso Peshdary first came to the attention of law enforcement during the 2010 investigation of  a bomb plot involving Hiva Alizadeh, Khurram Sher, and Misbahudding […]

A procurement network operated by the Islamic State used a number of front companies to procure the drones and other material. At one point, the Islamic State was spending ‘thousands of dollars a month’ on drone equipment. Around 50 commercial entities from 20 countries were involved in the supply chain of components used to construct improvised explosive […]

An Irish man has been jailed for terrorist financing offences. In January, he admitted to providing €400 to an individual in Bosnia-Herzegovina ultimately intended for the Islamic State. The funds were sent using a Western Union money transfer. Analysis: While sending funds to a financial facilitator in Bosnia-Herzegovina may seem circuitous in terms of getting money to the […]

The PKK is believed to be using Europe as a base of logistics and weapons procurement, according to the Europol 2018 report on terrorism. The PKK has also raised money through drug trafficking, migrant smuggling, human trafficking, fuel and cigarette smuggling, extortion, kidnapping for ransom, and money laundering. The organization is also reported to use […]

The UK’s National Terrorist Financial Investigation Unit, a part of the Metropolitan Police’s Counter Terrorism Command, has successfully prosecuted a woman for terrorist financing offences. Officers traced a payment of £1,500 made in January 2015 to Khranjit Nijjer’s husband, a suspected fighter with ISIL in Syria. The investigators were able to find evidence that she was […]

According to a recent report, terrorist groups including Al Qaeda and ISIL are increasingly turning to Bitcoin to finance their activities. The authors cite several examples, including: The tech talk section of Al-Haqiqa, a pro-Al Qaeda English-language magazine, released in February 2018, examined the permissibility of using Bitcoin and other cryptocurrencies to fund their activities; […]

Global Witness reports that the Islamic State in Khorasan Province (ISKP) may be profiting from mining activities in Afghanistan. The report provides an overview of the possible extractive activities that ISKP may be engaging in in Afghanistan, primarily mining of talc, chromite, precious and semi-precious stones, tourmaline, and possibly emeralds. Prior to being taken over […]

In order to combat a significant source of Taliban funds, the US has undertaken 9 months of airstrikes against opium production sites in Afghanistan. The Taliban is believed to earn hundreds of millions of dollars every year in the opium trade, accounting for approximately 60% of the group’s revenues. According to US sources, to date, […]

On 17 May 2018, reports indicated that a Canadian in Thunder Bay, Ontario, used proceeds from his coffee business to finance the alt-right. Thomas White donated some of his profits to the Daily Stormer legal defence fund and other causes such as Chris Cantwell’s (the crying neo-Nazi) Legal Defense Fund, the Right Stuff forum, Identity Evropa, […]

Southern Poverty Law Centre has released an analysis of alt-right financing using bitcoin. The group has compiled profiles of alt-right groups and individuals with links to their bitcoin wallets from which you can see how much money each individual or entity has received through bitcoin transactions. While bitcoin has often been lauded  for its anonymity, […]