The Islamic State in Afghanistan has financed some of its terrorist attacks and activities in Pakistan through kidnappings for ransom. Three men were arrested in Karachi for financing the Islamic State in Afghanistan through kidnappings for ransom.┬áThe men conducted 5-6 kidnappings and sent the money to the Islamic State in Afghanistan through hundi and hawala […]

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 […]

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 […]

On 10 May 2018, a network of suspected AQ-linked Italian jihadists were arrested in Sardinia and in northern Italy. Ten of the individuals detained were accused of money laundering and distributing money to the jihadists, while another four are suspected of being a support cell for al-Nusra front (Hayat Tahrir al-Sham). Funds were reportedly raised […]

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 […]