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. The men conducted 5-6 kidnappings and sent the money to the Islamic State in Afghanistan through hundi and hawala […]

The Islamic State continues to raise money by conducting kidnappings for ransom. A recent hostage negotiation will likely net the group $27 million. The Islamic State kidnapped 30 Druze in late July. In order to secure their release, the Syrian government has agreed to release 60 Islamic State members and pay a $27 million ransom. […]

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 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 […]