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 […]

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 […]

Global Witness reports that the Islamic State in Khorasan Province (ISKP) may be profiting from mining activities in Afghanistan. The report provides an overview of the possible extractive activities that ISKP may be engaging in in Afghanistan, primarily mining of talc, chromite, precious and semi-precious stones, tourmaline, and possibly emeralds. Prior to being taken over […]