The Islamic State is far from bankrupt. The group may have lost the majority of its territory, but it likely anticipated this eventuality and prepared financially. The group is reported to have stashed millions across the region through investments in companies in Iraq, the purchase of gold in Turkey, and the transfer of millions to […]

The United Nations released a monitoring team report on ISIL and AQ that highlights some financing trends. For ISIL, the UN expects the group to resort to Al-Qaeda in Iraq-style financing methods due to loss of territory. Funds are also continuing to flow from ISIL to its branches, while the affiliates are looking to diversify […]

START has undertaken a new (and novel) analysis of terrorist financing. The organization has created a new dataset of geocoded entities drawn from state and international lists of sanctioned individuals and entities. While there are not a lot of surprises (Pakistan, Afghanistan, and the United States feature strongly as geographies of terrorist financing), the analysis […]

If you’re looking for a broad overview of the cryptocurrency sector, look no further, as Cambridge’s Centre for Alternative Finance has produced an in-depth analysis on the subject. It provides a robust overview of the different industry sectors (exchanges, wallets, payments and mining) with loads of visuals and data. The one thing missing (though likely […]

Pakistan has begun seizing funds and assets associated with LeT founder Hafiz Saeed. Pakistan amended a decades-old anti-terrorism law in order to facilitate the seizure, allowing the country to take action on individuals and entities listed by the United Nations Security Council. Interestingly, it appears that the government is re-naming the seized organizations instead of […]

The President of World Chess was accused of involvement in oil deals with traces to the Islamic State. While little information is available about the activities of Kirsan Ilyumzhinov, he was once part of President Putin’s inner circle, and has been on a US wanted list since November 2015. Reports indicate that he may have […]

Citing a UN report, Russia’s representative at the UN accused ISIL of using online casinos to generate funds, replacing some of its lost revenues. Russia also indicated that the group moved funds out of its territory and into bank accounts in Europe, the Middle East, and Central Asia. If true, those funds are now in […]

Israel’s domestic security service announced that it arrested two individuals on suspicion of raising and laundering money for Hamas. One of the individuals is reported to have set up a shell company to assist in the laundering of funds and to have moved a large amount of money from Turkey to Gaza for Hamas. Turkey […]

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 […]