Archive for the ‘Charts & tables’ Category

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ISIS annual income nears 3 billion: estimate

December 19, 2014

Shattering previous estimates, Thomson Reuters Accelus says that ISIS’s annual income is $2.9 billion annually with total assets surpassing $2 trillion.

Most of the income comes from the energy sector, with 55 percent income coming from oil and natural gas. The remainder comes from extortion/Islamic taxation (12 percent); control of the Iraqi agricultural sector (primarily wheat and barley at 7 percent), the cement industry (10 percent), and phosphate mining (10 percent); kidnap-for-ransom schemes (4 percent); and donations (2 percent).

Hat tip to Gisele for sending in an infographic from their findings, which include the income breakdown:

Where Islamic State gets its money

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Update: the world’s 10 richest terror groups

November 28, 2014
Money held by wealthy international terrorists - http://www.israelnationalnews.com/News/News.aspx/187337#.VHC3_snQq0E

Graphic by Israel National News

A new ranking of the best funded terrorist organizations has been published by Forbes Israel. The Islamic State of Iraq comes in first with a reported net worth of $2 billion, followed by Hamas at $1 billion, FARC in third place at $600 million, Hezbollah fourth, and the Taliban fifth. Money Jihad would have estimated a lower net worth for ISIS, and would have placed the Taliban higher on the list. Forbes Israel rates the Irish Republic Army at 9th place with $50 million, which Money Jihad believes is an overinflated figure, while the Belfast Telegraph reports that Forbes based that figure on information from the U.S. State Department and academics.

U.S. Treasury official David Cohen has said several times recently that ISIS is the best-financed terrorist group that is not funded by a state sponsor—a comment which tends to undermine the Forbes ranking by suggesting that Hamas and Hezbollah, which are funded by Iran, have more money than ISIS.

One common thread across most of the terrorist groups listed is their reliance on revenues from “taxes” that they believe are justified by the foundational texts of their ideologies.  ISIS charges Iraqi businessmen taxes as a form of zakat and charges non-Muslims jizya.  Hezbollah collects money much of its money through khums, the Shia tax on gains.  Al-Shabaab collects checkpoint taxes and zakat on trade in keeping with taxes and customs duties levied by the caliphate of antiquity. The Taliban collects harvest taxes on opium and collects ransom money as authorized by the Koran. The FARC believes that expropriating the wealth of capitalists through extortion and ransom are in keeping with the writings of Marx and Engels.

Hat tip to Gisele for sending in coverage of the Forbes report.

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Mounties met with Muslim Brotherhood sponsors after parliament slaying

November 11, 2014

After the jihadist murder of Corporal Nathan Cirillo, the Royal Canadian Mounted Police and the Ottowa police force met with several Islamic groups in order to reach out to them and reassure them. The website Point de Bascule points out that several of the groups that police met with have previously funded IRFAN, Human Concern International, or Islamic Relief Canada, all of which have been implicated in terrorist financing schemes. Here’s an accounting of how much money the groups that Canadian police met with gave to those front groups:

Sponsoring Terror

Thanks to Gisele for sending in the PdB report and the Sun TV graphic on the money trails between the Canadian Islamic groups and suspected terrorist affiliates.

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9/11 hijackers funding: names and numbers

September 11, 2014

Follow the money

If you follow the money, the men in the middle of the disbursing of funds to the 9/11 hijackers were United Airlines Flight 175 hijacker-pilot Marwan al-Shehhi and a UAE-based computer specialist Ali Abdul Aziz Ali (Ali), who ultimately received the money from his uncle, 9/11 mastermind Khalid Sheikh Muhammad (KSM).

In the late 1990s and early 2000s, Al Qaeda was able to raise about $30 million a year, mostly from zakat and sadaqa from wealthy Arab donors and other supportive Muslims around the world. The money was funneled through Islamic charities—often charitable foundations backed directly by the Saudi government—and through hawala, the traditional Islamic system of transferring money without physically having to transfer cash. The same methods continue being used to fund Al Qaeda and its offshoots today.

Of that $30 million, $10-$20 million was estimated by the 9/11 Commission to have been given annually to the Taliban. The remaining money was used for wages, training, planning, and operations like 9/11, which is estimated to have cost $400,000 to half a million dollars to carry out.

KSM gave about $300,000 of that sum to the hijackers for their travel to and inside the U.S., living expenses, and flight lessons. He sometimes handed out cash to operatives during face-to-face meetings but he relied on intermediaries—most significantly Ali—for international transactions once the U.S. sleeper cells had been established. In addition to being KSM’s nephew, Ali is the cousin of 1993 World Trade Center bomber Ramzi Yousef, and the husband of terror maven Aafia Siddiqui. He currently resides in Guantanamo Bay.

In what amounted to the largest series of transactions in the entire run-up to 9/11, Ali sent at least $110,000 to al-Shehhi for use by him, Muhammad Atta, and presumably for the expenses of the other Florida-based hijackers—several of whose leaders had been a part of Atta’s prior Al Qaeda cell in Hamburg, Germany. Read the rest of this entry ?

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Saudi Arabia peddling influence in U.S. Congress

September 1, 2014

Somehow this one slipped by us last year. In case you missed it too, the Washington Post did an expose in 2013 about international trips by Congressional staffers paid for by foreign governments.

The #3 sponsor of these junkets is, according to data the Post compiled from 2006 to 2011, is Saudi Arabia. Vox.com recently put the information into this map:

Terror sponsor also sponsors Congress staff trips

Rest assured, these staffers aren’t receiving a fair and balanced view of the two-headed Saudi-Wahhabi royalist theocracy while they’re there.

If there’s a valid fact-finding or diplomatic mission, then let the staffers file expense reports with our government as they would for any other official business. If there’s no official business, travel there during your own vacation time on your own dime.

Saudi Arabia wouldn’t be spending this money if it didn’t think it was getting something in return.

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Gulf charcoal purchases prop up al-Shabaab

July 7, 2014

Money Jihad has long reported on how al-Shabaab profits from Somalia’s charcoal smuggling business, particularly by charging a checkpoint tax authorized by Islamic law. A new report from the United Nations Environmental Programme and Interpol confirms that this activity is ongoing despite a UN ban against Somali charcoal exports, saying that “Al Shabaab retains about one third of the [charcoal] income, which alone constitutes about USD 38–56 million” annually.

A map in the report shows a key al-Shabaab tax checkpoint at Buulo Xaaji, main points of embarkation from Kismayo and Barawe, major delivery locations at Jizan (Saudi Arabia), Dubai and Sharjah (UAE), and Khasab (Oman), with additional deliveries in Egypt, Yemen, and Kuwait.

Somali charcoal exports

In addition to “normal” smuggling of charcoal from Somalia to the Gulf states, it is Money Jihad’s belief that rampant trade-based money laundering is occurring between al-Shabaab and these states in which wealthy Arabs are transferring funds to al-Shabaab through over-invoicing for charcoal purchased. In other words, terror financiers in the UAE and Saudi Arabia are intentionally overpaying for Somali charcoal as a means of funding al-Shabaab without simple detection. The Gulf states are doing this to pursue larger strategic interests in Africa.

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Thousands of NGOs get foreign money but don’t report it

April 14, 2014

MHA warns of terror fundings in NGOs

India’s home ministry has found that the number of non-governmental organizations receiving funds from outside India is on the rise, and that most of the groups receiving the foreign funds aren’t reporting it as they are required to do under the law, highlighting the vulnerability that such funding goes toward terrorist purposes.

Some of the external funding involved comes from Western nonprofits that send money to Islamic front charities or alleged Kashmiri relief groups that are actually turning over the cash to jihadi militants.

India isn’t alone in the struggle to get nonprofit organizations to disclose foreign sources of funding. Compliance in the U.S. with the Foreign Agents Registration Act is a joke. Penalties for noncompliance with 501(c)(3) filing requirements are miniscule. The tendency for regulators globally is to be tougher on existing groups that have gone through the registration process rather than on discovery of groups that have failed to register.

These noncompliant groups need a site visit from the police. The policemen can wait while a manager at the NGO completes the required paperwork.

From the Daily Mail‘s India edition:

Government warns of NGOs’ vulnerability to terror funding and money laundering

By Abhishek Bhalla

PUBLISHED: 21 March 2014

Thousands of NGOs which receive foreign aid, many of whom do not file returns on such contributions, are vulnerable to terror funding and money laundering, the home ministry has warned.

Though there are more than 22,000 NGOs registered under the Foreign Contribution Regulation Act (FCRA), intelligence inputs indicate that there are many others that work secretly and are not registered.

On the other hand, 19,000 of the registered organisations do not file returns on foreign contributions.

Foreign funding for NGOs has risen by almost 12 per cent in 2011-12, with Rs 11,549 crore being pumped into these organisations from abroad every year, according to the home ministry’s latest report on the FCRA.

According to the report, foreign contributions worth Rs 2,253 crore come for activities other than the most common causes listed by the Ministry of Home Affairs for foreign contributions.

The common sectors for foreign funding are rural development, welfare of children, health, awareness camps and religious purposes.

“We need to know where this money is being used. We need to coordinate with the authorities of the donor countries and crack down on some of these NGOs,” said an official in the home ministry.

The five major donor countries are the US, Britain, Germany, Italy and Netherlands. Countries like the UAE, Mauritius, Austria, Sweden and Spain are also among the top 15 donor nations…

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