Posts Tagged ‘financing’
British bank accused of helping to fund terrorists
A British bank that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. Standard Chartered, one of the UK’s largest banks, avoided prosecution by the US Department of Justice after Lord Cameron’s government intervened on its behalf in 2012. New documents filed to…
Read MoreSacramento man sentenced for financing foreign terrorist organization
A Russian citizen residing in Sacramento was sentenced to 12 years in prison after he sent thousands of dollars to a designated terrorist organization, according to federal officials. Court documents claim that 37-year-old Murat Kurashev used money transfer services to send around $13,000 to two known couriers of a Hayat Tahrir al-Sham (HTS) fundraiser. HTS…
Read MoreNew York Woman Gets 18 Years for Funding Terrorism With Cryptocurrency
A New York woman was sentenced to 18 years in prison on Tuesday for funding terrorism by using cryptocurrency to send financial support to groups operating in Syria. After Judge Althea Drysdale imposed the sentence, the woman, Victoria Jacobs, 44, yelled that the trial had been “a sham” and “Islamophobic” as officers led her from…
Read MoreMother and daughter jailed for funding the Islamic State group
A mother and daughter have been jailed for funding terrorism in Syria. Stella Oyella, 53, and Vanessa Atim, 32, both of Newham, east London, sent hundreds of pounds to a relative who had joined the Islamic State (IS) group. They were found guilty of entering into an arrangement to fund Joseph Ogaba between March and…
Read MoreOver 60% of illegal crypto activity is tied to sanctioned groups or terrorist organizations, report finds
Sanctioned entities, like those linked to North Korean hacking groups and U.S.-designated terrorist organizations such as Lebanon’s Hezbollah, continue to rely on cryptocurrency for fundraising, according to a new report from Chainalysis. The American blockchain analysis firm’s “2024 Crypto Crime Report” found that $24.2 billion of illicit cryptocurrency was transferred in 2023, based on already…
Read MoreSan Antonio businessman gets 13-year term for aiding terrorism
A San Antonio businessman was sentenced Monday to more than 13 years in federal prison for three terrorism-related charges. Imad Eddin Wadi, 66, was caught in an three-year operation by the FBI in which he tried to close a “business deal” that federal prosecutors say would have helped fund terrorist organizations in Syria aligned with…
Read MoreUAE dropped from financial crime watch list in win for nation
The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog’s list of countries at risk of illicit money flows, a win for the nation that could bolster its international standing. The Financial Action Task Force (FATF), a body that groups countries from the United States to China…
Read MoreJustice Department Announces Terrorism and Sanctions-Evasion Charges and Seizures Linked to Illicit, Billion-Dollar Global Oil Trafficking Network That Finances Iran’s Islamic Revolutionary Guard Corps and Its Malign Activities
The Justice Department today announced the unsealing of three federal cases, across two U.S. Attorneys’ Offices, as the most recent in a series of efforts to combat the illicit trafficking of Iranian oil that funds Iran’s Islamic Revolutionary Guard Corps (IRGC), a designated Foreign Terrorist Organization (FTO), and its Qods Force (IRGC-QF), Iran’s primary mechanism…
Read MoreNYC woman convicted of using bitcoins to fund terrorism in Syria
Victoria Jacobs could spend up to 25 years in prison. The 44-year-old woman was found guilty of funneling funds to U.S.-listed terrorist groups in Syria, using cryptocurrency to evade detection. A Manhattan jury convicted Jacobs of three felony counts of providing support for an act of terrorism, as well as conspiracy, money laundering and criminal…
Read MoreCrypto exchange Binance sued by Hamas hostages, Oct. 7 victims’ families for allegedly ‘facilitating terrorism’
An American woman freed after being held hostage in Gaza and the families of two men killed in the Oct. 7 attack in Israel sued Binance, the leading cryptocurrency exchange, which they accused of providing a funding mechanism for Hamas. The lawsuit, filed in Manhattan federal court Thursday, also named Iran and Syria and is…
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