According to a recent article, DPRK is increasingly using cryptocurrencies to evade sanctions and gain access to foreign currency, specifically US dollars. Previous reports have indicated that North Korea has stolen cryptocurrency as part of its efforts to evade international sanctions. Lourdes Miranda and Ross Delston have stated that North Korea is creating its own […]

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 […]

Several companies have been designated by the US Department of the Treasury for their role in helping North Korea fund its nuclear weapons and ballistic missiles programs.  DPRK is believed to have earned revenues from overseas information technology workers, and some of those funds have helped finance North Korea’s proliferation activities.  One DPRK operative used […]

The US designated 4 companies and individuals for assisting Divetechnoservices, a Russian sanctioned entity, to evade sanctions. The companies and individuals provided a number of services to Divetechnoservices. The sanctioned individuals and entities are:   Vela-Marine Ltd. Marina Igorevna Tsareva  Anton Aleksandrovich Nagibin Lacno S.R.O.  Lacno was sanctioned for attempting to facilitate a payment of […]

Samantha Elhassani aka Samantha Sally was charged on 22 August 2018 with providing material support to the Islamic State. She is alleged to have provided material support to the Islamic State between fall 2014 and summer 2015 by acquiring tactical gear for the group and providing funds for two individuals who joined the Islamic State. […]

The US has designated several companies involved in helping North Korea evade sanctions and finance its WMD programs. Dalian Sun Moon Star International Logistics Trading Co. and its Singapore-based affiliate Sinsms Pte. Ltd are the subjects of new sanctions. They are reported to have used falsified shipping documents to facilitate the shopping of  alcohol, tobacco […]

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 […]

Effectively implementing sanctions against North Korea has been a difficult proposition. Despite sanctions, North Korea continues to raise foreign exchange to pay for imports from China. Part of the reason for this difficulty is that the country’s trade and finance networks operate unofficially, largely outside the detection capabilities of regulators, which in turn is partly due to […]

Belgian authorities have discovered than around €200,000 was transferred to Belgians fighting with the Islamic State in Iraq and Syria. No timeframe for the transfers was given, but the money is reported to have come primarily from friends and family of the foreign fighters. Funds were transferred  through money services businesses (Western Union was specifically named). […]