Terror Financing

  Posted on: Wednesday, February 22, 2017
Loss of territory contributes to significant drop in ISIS funding
Homeland Security News Wire

Islamic State’s income has more than halved since 2014, due to its shrinking territory in Syria and Iraq and subsequent losses of significant sources of revenue, according to a new study. Whilst it is impossible to say exactly how much money Islamic State has at its disposal, findings show that the most significant sources of revenue are closely tied to the territory it controls. Most recent evidence suggests that total income from taxes/extortion, oil, kidnapping, antiquities, looting, and confiscations has decreased from up to $2 billion in 2014 to less than $800 million in 2016. There is also no evidence that the group has been successful in creating new sources of revenue.


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Financing:
2/16/16   The little-understood connection between Islamic terror and drug profits
2/2/16   DEA, European authorities uncover massive Hezbollah drug, money-laundering operation
1/18/16   U.S. air strike on ISIS vault destroys “millions of dollars”
9/28/15   Woman pleads guilty in terror funding case with St. Louis ties
6/29/15   New Jersey man charged with plotting to support militants
6/17/15   Feds: 2nd man charged in alleged plot by Islamic State group
8/7/14   Al Qaeda-affiliates derive most of their funding from ransom paid to free Europeans
7/23/14   Washington woman is 1 of 2 charged with helping al-Qaida-linked group
7/10/14   Treasury Sanctions Hezbollah Procurement Network
7/5/14   UK Treasury uses anti-terror laws to freeze assets of British jihadists
5/23/14   Is Synthetic Weed Feuling Yemen’s Terrorism?
4/7/14   Federal judge: terrorism victims may seize Iranian-owned $500 million mid-Manhattan tower
1/28/14   Value of list of state sponsors of terrorism questioned
12/18/13   US sanctions al-Qaida supporters
11/21/13   NSA surveillance leads to San Diego conviction of al-Shabaab supporters
11/13/13   North Carolina man accused of helping terror group
11/11/13   Senator: US Soldiers Being Killed by Terror Groups Backed With US Money
10/11/13   O.C. Man Pleads Not Guilty to Charge of Supporting al-Qaida
10/10/13   Pakistani National and U.S. Naturalized Citizen Charged with Soliciting Aid for Terrorist Groups in Afghanistan
10/7/13   Khalid Ouazzani to be sentenced for supporting al-Qaida
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