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 […]

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 US Department of the Treasury’s Office of Foreign Assets Control has publicly confirmed that ISIL in the Philippines received money from ISIL supporters for its activities. This designation package also names a Somalia-based livestock-trading company as a front for ISIL and  a Turkey-based company involved in the procurement of UAV components. These international connections […]

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 […]