Posts Tagged ‘financing’
US Asks Gulf States to Help Shut Down Hamas Fundraising
In an emergency session of the Terrorist Financing Targeting Center (TFTC) this week, the U.S. called on allies in the Middle East to increase efforts to cut off outside funding for Hamas, the organization that perpetrated a massive attack on Israeli civilians on October 7. The Treasury Department called on the member countries of the…
Read MoreTether freezes 32 crypto wallets holding $873,118 linked to terrorism and warfare in Israel, Ukraine
Tether froze 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine, according to a media release published Monday. Tether, which issues the world’s largest stablecoin of the same name, says it has been collaborating with the National Bureau for Counter Terror Financing of Israel in its efforts. The collective value of…
Read MoreMass. teen indicted on federal charge in ISIS-supporting gift card scheme
A Massachusetts teenager arrested earlier this year on suspicion of running a gift card-reselling scheme to raise money for ISIS has been indicted in federal court. Mateo Ventura, an 18-year-old from Wakefield who was arrested in June, raised $705 between January and May by giving gift cards to someone he believed supported ISIS, thinking the…
Read MoreUS sanctions Lebanon-South America network accused of financing Hezbollah
The U.S. Treasury on Tuesday slapped terrorism sanctions on a family network of seven individuals and businesses in Lebanon and South America accused of financing the militant group Hezbollah, including a Lebanese man who officials say was involved in two deadly attacks in Argentina in the 1990s. Amer Mohamed Akil Rada was described as “one…
Read MoreDesignating Leaders and Financial Facilitators of ISIS and al-Qa’ida Cells in Maldives
Today, the United States is designating Maldivian supporters of ISIS and al-Qa’ida, including 18 ISIS and ISIS-Khorasan (ISIS-K) facilitators and two al-Qa’ida operatives, along with 29 associated companies. The individuals designated today include leaders and members of Maldives-based terrorist cells and an affiliated criminal gang, in addition to individuals and a company associated with key…
Read MoreSweden jails Kurd for financing terrorism after Turkey calls for crackdown
A Swedish court has jailed a Kurdish man for four-and-a-half years for crimes including attempting to finance terrorism. It is the first time Sweden’s updated terror laws have been used in a case involving the Kurdish militant PKK. Turkey has long called on Stockholm to crack down on Kurdish separatists. Sweden’s bid to join Nato…
Read MorePfizer, AstraZeneca and others ask US Supreme Court to bar Iraq terrorism funding claims
More than 20 U.S. and European pharmaceutical and medical-device makers have asked the U.S. Supreme Court to bar claims that the companies helped to fund terrorism that killed or injured hundreds of American service members during the war in Iraq. The companies, part of five corporate families — AstraZeneca (AZN.L), Pfizer (PFE.N), GE Healthcare USA,…
Read MoreMassachusetts Man Arrested for Knowingly Concealing the Source of Material Support or Resources to a Foreign Terrorist Organization
A Wakefield, Mass. man was arrested today for knowingly concealing the source of material support or resources that he intended to go to a foreign terrorist organization, namely the Islamic State of Iraq and al-Sham (ISIS). Mateo Ventura, 18, was charged today in a criminal complaint with one count of knowingly concealing the source of…
Read MoreGermany arrests 7 people accused of jointly raising $73,000 for ISIS
Seven people in four German states were arrested Wednesday and are being held on suspicion of providing monetary support to the Islamic State terrorist group. Four arrests took place in North Rhine-Westphalia and one each in Baden-Wuerttemberg, Rheinland-Pfalz and Bremen, the Karlsruhe-based federal prosecutor’s office said in a statement Wednesday. The three men and four…
Read MoreFBI Raids Springfield Apartment in ISIS Investigation
A Virginia man allegedly funded ISIS members and made threats against the U.S. The FBI arrested 33-year-old Mohammed Chhipa Thursday and charged him with providing or attempting to provide material support to a designated foreign terrorist group. An affidavit filed in federal court claims Chhipa made multiple social media posts sympathizing with ISIS. The FBI…
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