Posts Tagged ‘financing’
Man Sentenced to Over 30 Years in Prison for Crypto-Terror Financing Scheme
A Springfield, Virginia, man was sentenced yesterday to 364 months in prison for his efforts to provide material support to the Islamic State of Iraq and al-Sham (ISIS), a designated Foreign Terrorist Organization. According to court records and evidence presented at trial, from at least October 2019 through October 2022, Mohammed Azharuddin Chhipa, 35, collected…
Read MoreTreasury Targets Hizballah Finance Team Sanctions Evasion Network
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating five individuals and three associated companies involved in a Lebanon-based sanctions evasion network supporting the Hizballah finance team. The Hizballah finance team manages a variety of lucrative commercial projects and oil smuggling networks, often in conjunction with Iran’s Islamic Revolutionary…
Read MoreDutch authorities arrest man for alleged bitcoin terrorism financing
A 32-year-old man from North Holland was arrested Wednesday on suspicion of financing terrorism through Bitcoin transactions and violating the Dutch Sanctions Act. The arrest was made and reported by the Dutch Fiscal Information and Investigation Service (FIOD). Authorities searched the suspect’s residence, seizing mobile phones and other digital storage devices as part of the…
Read MoreJustice Department Disrupts Hamas Terrorist Financing Scheme Through Seizure of Cryptocurrency
The Justice Department announced the disruption of an ongoing terrorist financing scheme through the seizure of approximately $201,400 in cryptocurrency held in wallets and accounts intended to benefit Harakat al-Muqawama al-Islamiyya (Hamas). The seized funds were traced from fundraising addresses purportedly controlled by Hamas that were used to launder more than $1.5 million in virtual…
Read MoreU.S. charges Tajik man living in New York with conspiring to help ISIS
A Tajik man living in New York was arrested and charged with conspiring to provide material support to the ISIS and ISIS-K terrorist groups, according to court documents unsealed Wednesday. Federal prosecutors alleged that Mansuri Manuchekhri, a Tajik national who was illegally living in Brooklyn, facilitated the transfer of over $70,000 to ISIS-affiliated individuals in…
Read MoreArizona Woman Pleads Guilty in Fraud Scheme That Illegally Generated $17 Million in Revenue for North Korea
Christina Marie Chapman, 48, of Litchfield Park, Arizona, pleaded guilty today in U.S. District Court in Washington D.C. in connection with a scheme that assisted overseas IT workers—posing as U.S. citizens and residents—in working at more than 300 U.S. companies in remote IT positions. The scheme generated more than $17 million in illicit revenue for…
Read MoreVirginia man charged in FBI sting with supporting Islamic State found guilty
A Virginia man accused of funneling tens of thousands of dollars to the Islamic State group was found guilty on all counts. On Monday his defense lawyer told jurors 35-year-old Mohammed Chhipa of Springfield, Virginia was a lonely man looking for a wife and relentlessly targeted by FBI sting operations, including one undercover operative who…
Read MoreHouse passes bill that would allow Treasury to target nonprofits it deems to support terrorism
The U.S. House passed legislation Thursday that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism, alarming civil liberties groups about how a second Trump presidency could invoke it to punish political opponents. The bill passed 219-184, with the majority of the support coming from Republicans…
Read MoreHouse passes bill that would allow Treasury to target nonprofits it deems to support terrorism
The U.S. House passed legislation Thursday that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism, alarming civil liberties groups about how a second Trump presidency could invoke it to punish political opponents. The bill passed 219-184, with the majority of the support coming from Republicans…
Read MoreTreasury Targets Syrian Conglomerate Funding Qods Force and Houthis
Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 26 companies, individuals, and vessels associated with the Al-Qatirji Company, a Syrian conglomerate responsible for generating hundreds of millions of dollars in revenue for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis through the sale of Iranian oil to Syria…
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