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 UK’s foreign intelligence service believed that Michael Foot, a British Labour party politician, was a paid information of the Soviet Union.  He was not considered to be a spy or conscious agent. Instead, he was used for disinformation purposes in return for the equivalent of £37,000 in today’s money. The disbursements to Foot […]

Waleed Ahmed Zein has been designated by the US Treasury for his role in financial facilitation for ISIL. Zein developed an international financial network to facilitate funds transfers for ISIL. He used hawalas and intermediaries to conduct and obscure the transactions. His network had links into Europe, the Middle East, Americas, and East Africa. Between […]

Standard Chartered bank is under additional scrutiny for its relationship with Iran. The bank, which was previously fined twice in relation to sanctions evasion, is now under investigation for facilitating payments for firms based in the UAE trading with Iranian counterparts. In 2007, the bank paid a $300 million fine for a flaw in their […]

A suspected Dutch jihadist affiliated with ISIL, known only has “Mohammed G”, is believed to have been involved in the kidnapping of a British couple in South Africa.  Mohammed tried to use the woman’s credit card in an attempt to buy Bitcoin.  Mohammed was part of a cell of other individuals who wanted to raise […]

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, […]

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 […]

Assets owned by the Barakat clan have been frozen by Argentina following suspicious transaction reporting from Casino Iguazu.  The Argentinian casino reported that individuals would convert cash into chips and back again. The Barakat clan is believed to have crossed into Argentina from Brazil for the purposes of laundering their money through the Casino in […]

A website dedicated to funding ‘jihadi projects’ has launched on the dark web. The website, which is essentially a crowdfunding website that receives donations through cryptocurrencies and is housed on the dark web, allows individuals to contribute to specific projects and buy material and equipment for ‘jihadis’.  Donors provide funds through three cryptocurrencies: Bitcoin, Monero, […]

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 […]

A recent  report from Puntland indicates that an ISIL-aligned militant faction in Bosaso (Puntland) is raising a considerable sum of money through extortion activities. The militants are reported to be raising $72,000 per month by extorting funds from traders in the area. Extortion is a common tactic used by militant and extremist groups operating in […]

North Korea is believed to have illegally imported coal and iron into South Korea by transhipping it through Russia, according to recent reports. According to South Korea, approximately $6 million worth of coal and pig iron illegally entered their ports last year from North Korea, potentially in violation of UN sanctions. Three local companies were […]

The Canada Revenue Agency has stripped the Ottawa Islamic Centre and Assalam Mosque of its charitable status for “activities that promote hate and intolerance” after audits raised concerns about some of the speakers the centre had invited.  According to the CRA, one of the speakers has called women “deficient”, said that “Christians and Jews were […]

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 […]