Posts Tagged ‘Syria’

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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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UN adds JI’s “humanitarian” wing to Al Qaeda sanctions list

March 27, 2015

The UN, Australia, and Canada have added the Hilal Ahmar Society Indonesia (HASI) to their list of sanctioned Al Qaeda entities according to Mr. Watchlist. HASI is also known as Yayasan Hilal Ahmar or the Indonesia Hilal Ahmar Society for Syria. It “operates in Lampung, Jakarta, Semarang, Yogyakarta, Solo, Surabaya and Makassar, Indonesia,” according to the sanctions announcement, which describes HASI as “recruiting, funding and facilitating travel of foreign terrorist fighters to Syria.”

The U.S. sanctioned HASI, which calls itself the “humanitarian wing” of the terrorist group Jemaah Islamiyah, in September of last year.

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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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ISIS profits from 20% tax on smuggled loot

March 9, 2015

Why 20 percent? The Koran 8:42 says that “when ye have taken any booty, a fifth part belongeth to God and to the Apostle…” This one-fifth tax, or khums, on booty or the spoils of war has been a common revenue-raising measure employed by caliphs, sultans, and Muslim military commanders since the eighth century.

BBC’s “File on 4” aired a report on Feb. 17 examining the extent to which ISIS controls the market in smuggling antiquities out of eastern Syria, especially around the ISIS stronghold in Raqqa, for follow-on sales through middlemen in Turkey and elsewhere to wealthy European and Gulf buyers. The BBC’s Simon Cox spoke from Lebanon with “Ahmed,” one Syrian dealer working in Turkey who described ISIS’s 20 percent cut on the archaeological black market.  Listen to this three minute clip of their conversation (please allow several seconds after clicking the arrow for the audio to play):

Hat tip to Alan for sending this over.

Prior Money Jihad coverage of ISIS’s reliance on khums is here, here, here, and here.

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Clandestine money news: suggested reading

February 12, 2015
  • Vigilante hackers want to bankrupt terrorists by attacking their banks’ websitesmore>>
  • A federal judge rejects a slap-on-the-wrist deal with a corporation that made $21 million from illegal transactions with Iran… more>>
  • ISIS is assessing a 50 percent payroll tax against Iraqi civil servants working in their territory… more>>
  • Despite being designated a state sponsor of terrorism, Syria has been given $200,000 of your tax dollars through the U.S. Ambassadors Fund for Cultural Preservation… more>>
  • Want more news? Visit Drugs & Thugs Blog for more recommended reading… more>>
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Spain’s hawala network funds ISIS and al-Nusra

February 1, 2015

Intelligence services and Spanish authorities say that with a network of over 250 hawala dealers, Spain has become a financial center for funding terrorists in Iraq and Syria. Hawala is the traditional Islamic method of transferring value without transferring physical money.

The news daily El País further reports that there are scarcely any controls over hawala businesses in Spain. The majority of the hawala dealers are Pakistani, while many of their customers are Syrian and Moroccan. A hundred Moroccans in Spain have already joined the Islamic State of Iraq and Syria.

Khalid Sheikh Muhammad, the mastermind of 9/11, used hawala agents in Logroño and Barcelona in the early 2000s. And Spain’s hawala system has only grown since then.

Hat tip to Well es bien for sending this over.

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