Treasury 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…

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Dutch 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…

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Justice 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…

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U.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…

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Virginia 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…

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House 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…

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House 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…

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Treasury 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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French cement maker Lafarge to face trial on terrorism funding charges

Cement maker Holcim’s Lafarge will face trial in a French court on charges that its Syrian subsidiary financed terrorism and breached European sanctions in order to keep a plant operating, France’s anti-terrorism prosecutor and a lead plaintiff said. Lafarge, which became part of Swiss-listed Holcim in 2015, has been the subject of an investigation into…

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