Posts Tagged ‘financing’
Justice 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…
Read MoreLombard man pleads guilty to trafficking fentanyl and providing support to ISIS
A suburban man pleaded guilty Wednesday to trafficking drugs and attempting to provide materials to the Islamic State of Iraq in 2019. Jason Brown, 41, was charged with one count of attempting to provide material support to ISIS, one count of distributing fentanyl and one count of possessing a firearm in furtherance of a drug…
Read MoreU.S. presses sceptical Turkey to curb Hamas fundraising
The U.S. Treasury’s top terrorism financing official said on Thursday he had discussed with Turkish government officials his deep concerns about Palestinian militant group Hamas raising funds in Turkey and potentially breaking local laws. Turkey is “prominent” in Hamas fundraising schemes and the group is likely to take advantage of that as it seeks more…
Read MoreUS 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…
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