Recent reports suggest that the Taliban is able to raise $400 million each year to finance its governance and terrorism activities. The Taliban raises funds in a variety of ways such as through the taxation of the opium trade, through taxation and extortion, as well as control of mines and mineral extraction. The group also […]

Effectively implementing sanctions against North Korea has been a difficult proposition.┬áDespite sanctions, North Korea continues to raise foreign exchange to pay for imports from China. Part of the reason for this difficulty is that the┬ácountry’s trade and finance networks operate unofficially, largely outside the detection capabilities of regulators, which in turn is partly due to […]

On 11 May 2018, the US and the UAE announced that they had jointly taken action to disrupt a currency exchange network that facilitated financing for the IRGC-QF. The entities in question used their access to exchanges in the UAE to acquire US dollars that the IRGC-QF used to fund and arm its regional proxy […]