Posts Tagged ‘Iraq’

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Stashes and sanctions: suggested news reading

May 28, 2015
  • ISIS financier killed in raid; documents seized… more>>
  • Danish jihadists receive 400,000 crowns in welfare benefits, and counting… more>>
  • Iraq faced sanctions for years thanks to Saddam. Now it faces sanctions again thanks to an Iraqi airline helping Iran evade its sanctions… more>>
  • Spain busts up a Chinese money laundering operation that helps illustrate how “smurfing” works… more>>
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Sordid money: recommended news reading

May 7, 2015
  • National security adviser:  millions of dollars are coming from the Arab Gulf to Canada to promote a “jihadist interpretation of the Qur’an”… more>>
  • Where is Iran getting U.S. currency that it sends to Hamas?  From Baghdad and the Kurdish region of Iraq… more>>
  • T. Boone Pickens:  There’s no need to negotiate with Iranian liars because “we do not need Mid-East oil” any longer.  The U.S. has plenty energy resources of its own… more>>
  • Former Guantanamo Bay detainees are seeking a housing allowance from the United States.  You see, their four-bedroom house in Montevideo isn’t spacious enough… more>>
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ISIS money man describes 6-figure cash smuggling

May 4, 2015

Abu Hajjar, a high-ranking leader of the Islamic State of Iraq and Syria (ISIS), has explains how he distributed hundreds of thousands of dollars to ISIS fighters in a recent interview with BBC Two.  Abu Hajjar also addresses what he calls the Islamic State’s principal source of revenue:  the taxation of businesses and commerce in the areas under ISIS’s control.  He concludes that ISIS will never run out of money as long as businesses are still operating in Iraq.

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High-risk men max out credit cards before Middle East travel

April 20, 2015

Over one hundred “very high-risk” account holders have borrowed the maximum amount of money they could from their bank before traveling to countries neighboring Iraq and Syria.  Presumably this means Turkey and perhaps Lebanon or Jordan.  Typically those are the places ISIS recruits from the West fly into before crossing the border by ground into Syria or Iraq.  The credit card accounts have gone dormant and the debts will never be paid back.

Thanks to Gisele for sending this news in about debt-financed travel for jihad from QMI via the Toronto Sun:

114 ‘high-risk’ Canadians bilked RBC before leaving for areas near conflict zones

The Royal Bank of Canada has identified 114 clients as “very high-risk” for maxing out their credit cards before travelling to countries near Syria and Iraq, QMI Agency has learned.

Before leaving Canada, the clients borrowed the maximum amount of money allowed on their credit cards or lines of credit, a senior RBC vice president, Karim Rajwani, told participants during a webinar earlier this year.

QMI Agency obtained the audio recording.

The webinar was organized for anti-money laundering and anti-terrorist financing professionals in the banking industry.

Rajwani, a world expert in the fight against terrorist financing, says he discreetly shared his information with the Canadian Security and Intelligence Service.

None of the 114 clients paid off their debts and their accounts have been inactive since they left the country, he added.

“We aren’t saying that these people are terrorists, just very high-risk individuals,” Rajwani noted.

“They get a line of credit and they leave. We see a few transactions in overseas ATMs in countries neighbouring areas controlled by the Islamic State, and after that they disappear”…

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Money for terror: recommended news reading

April 16, 2015
  • This young couple in St. Louis would rather fund jihad than make love… more>>
  • ISIS demands a ransom of $100,000 per Christian’s head… more>>
  • The U.S. Council of Muslim Organizations, which is connected to a jihad fundraising website, recently visited with congressional Democrats… more>>
  • An Afghan colonel’s murder of 8 U.S. airmen may have been a quarter-million-dollar contract killingmore>>
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Negligence arms ISIS

March 13, 2015

CNN has video of U.S. weapons stolen by ISIS from the Iraqi army a couple weeks ago:

This kind of activity demonstrates the need to safeguard U.S. military equipment in countries where American combat troops withdraw.  Giving surplus equipment to allies isn’t a problem, but leaving dysfunctional, foreign military units in charge of that equipment with no residual U.S. force for accountability is a recipe for theft or worse.

Weigh this information carefully as you ponder whether Americans should make a wholesale withdrawal from Afghanistan, or whether we should pursue a more reasoned approach.

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ISIS oil smuggling routes visualized

March 10, 2015

It’s not easy to depict the movement of terrorists’ money on maps. But the folks at Geopolitical Atlas have taken a good stab at it with respect to black market oil routes operated by the Islamic State of Iraq and Syria (ISIS). Their map illustrates how ISIS territory, Syrian and Iraqi oil fields, ISIS-controlled highways, and porous borders with neighboring sympathizers overlap:

Islamic State money pipelines

Hat tip to @skinroller for sending this over.

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