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 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 […]

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 […]

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 […]

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 cement giant LafargeHolcim is being investigated for terrorist financing. Lafarge’s subsidiary in Syria is suspected of paying roughly $5 million  in protection money to armed groups in Syria in order to keep the Jalabiya cement plant open, with an estimated $500,000 paid to the Islamic State. The company also bought raw materials from individuals connected to […]

CNN published a report on Al Shabaab financing, highlighting that the group is now using a system of taxation (extortion) and “zakat” (involuntary donations) to finance its activities. Al Shabaab has used taxation / extortion as a means of raising funds since its inception – the group used to derive a significant portion of its […]