Posts Tagged ‘Hamas’

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Terror finance progress: suggested news reading

April 23, 2015
  • Judge denies Arab Bank’s request to throw out a verdict against it… more>>
  • The feds have busted 5 people and 4 companies for illegal shipments to Iranmore>>
  • The U.S. passes Saudi Arabia in oil production and is poised to become energy independent in 4 years… more>>
  • A Hamas treasurer has reportedly been arrested… more>>
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Money for terror: recommended news reading

March 26, 2015
  • Hamas was on the verge of bankruptcy until a Swiss offer to cover Hamas’s payroll… more>>
  • Bank compliance officers:  Do you know who your customers are in Latin America?  How about the customers of correspondent banks there?  It could include Hezbollahmore>>
  • The Obama administration appears to have violated long-standing U.S. policy in 2010 by having the CIA contribute $1 million toward a ransom payment to Al Qaeda for the release of a captive… more>>
  • Why effective organized crime groups inevitably seek international business relationships… more>>
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Terror money news: suggested reading

March 5, 2015
  • France arrests 6 Chechens for raising funds and recruiting jihadists… more>>
  • Only military force, not conventional counter-terror finance techniques, can bankrupt ISIS… more>>
  • Saudi Arabia is building a neo-Maginot Line to defend against the same jihadist forces that they bankrolledmore>>
  • Hamas is doubling its stockpile of missiles and rockets for no reason in particular… more>>
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Israel shutters 3 Islamic Movement front charities

January 26, 2015

Ruad Al-Aqsa, the Al-Jaffar Fund, and Muslims for Al-Aqsa Association have been raided and closed by Israeli authorities for financing Hamas affiliates. News reports like this demonstrate the importance of Western donors conducting due diligence prior to partnering with pro-Palestinian “charities.” We are presented with a series of shell charities that, on the surface are distant from Hamas, but in reality are staffed by the same employees who work directly for Hamas and their “charitable” institutions.

Hat tip to Rushette. From Israel Hayom on Jan. 13:

Shin Bet closes 3 Muslim charities over alleged terror ties

Police, Shin Bet security agency shut down three Muslim associations deemed unlawful for inciting violence in Jerusalem and on the Temple Mount • Organizations suspected of financing terrorist activity, including groups affiliated with Hamas.

The Shin Bet security agency on Monday shut down three Muslim charities that authorities believe incited violence against Jews and Israeli security forces, especially in Jerusalem and on the Temple Mount. The move followed a decision by Defense Minister Moshe Ya’alon, who outlawed all three groups in late December based on the Shin Bet’s recommendations.

A joint statement by the Shin Bet and police Lahav 433 Major Crimes Unit identified the organizations as Ruad Al-Aqsa, the Al-Jaffar Fund for Art and Literature, and the Nazareth-based Muslims for Al-Aqsa Association.

The organizations, which were formed in October 2014 by the radical northern branch of the Islamic Movement in Israel, are also suspected of financing terrorist activity, including groups affiliated with Hamas, Agence France-Presse said.

“These groups were formed with aim of funding activities meant to undercut the security of visitors to the Temple Mount, and to inflame tensions and prompt [public] disturbances, while undermining Israel’s sovereignty on the compound,” the Shin Bet said.

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10 biggest terror finance news stories of 2014

December 30, 2014
  1. The Islamic State of Iraq and Syria rebounded from a weaker financial position to amass $3 billion in annual income after taking over Fallujah in January and Mosul in June. Its diversified portfolio makes ISIS the world’s best funded terror group. Western allies are trying to cut off ISIS’s money, but admit that the best case scenario is that ISIS will run out of cash on its own.
  2. Treasury undersecretary David Cohen announced in March that “Qatar, a longtime U.S. ally, has for many years openly financed Hamas,” and that it is financing terrorists in Syria. These comments were followed up by former MI6 spy chief Richard Dearlove’s statement in July that “substantial and sustained funding” for ISIS comes from Saudi Arabia and Qatar. At least 5 but probably dozens more prominent Qataris are involved in the financial pipeline to Al Qaeda affiliates.
  3. The 4,500 rockets fired by Hamas toward Israel from July to August were financed and supplied by Iran and Qatar, further calling into question the wisdom of Iranian nuclear negotiations and periodic U.S. communications through Qatari diplomats for outreach to the Taliban.
  4. A ban from Israel and a designation as a terrorist entity by the U.A.E. made 2014 an annus horribilus for Islamic Relief Worldwide (IRW). The world’s largest Islamic charity was also tarnished by revelations that its German subsidiary has worked with a Hamas-connected charity in Syria and that IRW’s U.S. subsidiary, IR-USA, was documented to have given $118,000 to terror-linked groups.
  5. Turkey’s role in financing terrorism spilled out into public view after paying $800 million to ISIS for oil. Turkey’s 2014 corruption scandal also revealed the extent of their involvement in Iranian sanctions evasion. Turkish president Erdogan’s support for Al Qaeda financier Yasin al-Qadi led his removal from U.S. terror blacklists.
  6. Arab Bank was found liable in Linde v. Arab Bank, PLC in September for funding 24 terrorist attacks by Hamas. The case sets a powerful legal precedent for victims’ families to seek justice against Middle Eastern banks involved in financing terror.
  7. A bill to declassify 28 pages of a Congressional report into 9/11 gained 20 new co-sponsors in 2014. The redactions deal with money given by Saudi officials and agents to the hijackers.
  8. Sharia banker and Islamist militant financier Mir Quasem Ali was sentenced to death by a war crimes tribunal in November for 8 torture sessions he oversaw against Bangladeshis in 1971. Ali’s involvement highlighted the intersection between Saudi money, violent Islamist groups, and sharia-compliant banking.
  9. Boko Haram kidnapped 200 girls in April, possibly for financial reasons, as suggested by Boko Haram’s demands for a ransom from the Nigerian government and from the girls’ families. Other motives include sex and household work and the prospect of money and prisoner swaps.
  10. An outspoken singer and fierce critic of terror finance, Saado Ali Warsame, was slain in Somalia in July. Warsame previously called upon fellow Somalis to refrain from using the remittance company Dahabshiil because of the firm’s role in funding terrorism. Warsame alleged before her death that the company offered a contract for her assassination.

Newer Money Jihad readers may also want to look back at our biggest stories of 2013, 2012, and 2011 to see how the threats are evolving over time.

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The money behind the jihad: suggested reading

December 18, 2014
  • During Operation Protective Edge, Israel Defense Forces seized kalashnikovs, electroshock weapons, uzis, and RPG’s among other goodies smuggled through tunnels by Hamas and Palestinian Islamic Jihadmore>>
  • The Union of Arab Banks is concerned that U.S. courts will allow even more cases to be brought against them for facilitating terrorism… more>>
  • A human rights lawyer decries the Salafi business cartels that have taken over Somalia… more>>
  • Congressman wants answers on whether CENTCOM attempted to make a payment for the release of Bowe Bergdahl from its $5 million fund … more>>
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Terrorist money news: recommended reading

December 4, 2014
  • A lawsuit by 11 terror victims’ families against the Palestinian Authority—not against Hamas, Hezbollah, nor PIJ—will begin in January… more>>
  • Beware that money exchanged with Turkish individuals, companies, and government agencies could end up in Hamas‘s hands… more>>
  • Despite aerial bombardment, ISIS grosses €4.5 million daily… more>>
  • Obama administration bows to Turkish diplomatic pressure, removes Al Qaeda financier from blacklist… more>>
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