The Indian Anti-Terrorism Squad (ATS) arrested three people with over Rs1.40 lakh fake Indian currency notes. The ATS officers also recovered railway tickets to Delhi from the accused and are investigating whether they have any links with any terrorist organisation. The arrested trio has been identified as Mohammad Suber Moosa Malik Sheikh, 38, Bakhtiyar Alam […]
Given Hezbollah’s involvement in bootleg cigarette operations in the late 1990s in North Carolina and Michigan, this raises some interesting questions… A Pawtucket accountant has pleaded guilty of conspiring to bring $1.2 million worth of contraband cigarettes to Rhode Island from Virginia, where the cigarette tax is low. Bassam Kiriaki, 46, also admitted conspiring to […]
Kazakhstan’s state-controlled bank, BTA, has been implicated in a transfer allegedly made by the bank to the benefit of an unnamed terrorist group. Security watchers have started to recognise the diversification and long-distance integration of terrorist networks – in particular away from the Middle East. “For years, individuals and charities based in Saudi Arabia were the most […]
Report: Tunisia Targets Terror Financiers
Tunisia will freeze assets of individuals and entities with terrorism ties. Moveable assets, real estate, securities and financial instruments would be subject to the measure, the finance ministry announced on February 25th. The move is part of efforts to stop money laundering. The decision to enforce the policy now will help authorities tighten control over […]
H/T to Money Jihad blog: http://moneyjihad.wordpress.com/2014/03/04/j-p-morgan-to-saudi-banksters-buh-bye/ JP Morgan Chase has dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls. The relationship with Saudi Arabia’s biggest publicly traded bank ended Dec. 31 because JPMorgan couldn’t get enough information on where payments in dollar-clearing services for Al-Rajhi […]
Controversial US Department of Homeland Security Advisor Mohamed Elibiary is on record as defending a man convicted in the largest terrorism financing prosecution in US history, the US v the Holy Land Foundation. Holy Land Foundation president and CEO Shukri Abu Baker, along with 4 other defendants, was convicted of using the Holy Land Foundation charity to […]
Islamic Heroin Smuggling Gang Jailed in the UK
It has become common knowledge that Jihad is partially funded by the illegal drug trade. Hezbollah has been known to be active in drug smuggling in the Middle East and Europe and the Taliban probably lead the world in the opium and heroin trade. Over the weekend in the UK, a major heroin smuggling ring […]
Priorities: Obama’s Treasury considers “90 percent of the employees in its Office of Terrorist Financing and Intelligence (TFI)” non-essential.
H/T to the brilliant David Reaboi, a colleague at the Center for Security Policy, who uncovered this fact in the midst of all the smoke surrounding the government shutdown. To anyone who is paying close attention, the ongoing government “shutdown,” is less about fiscal issues and more about priorities. Some operations and personnel are considered […]
NEWARK, NJ—Ten individuals who allegedly participated in one of the largest credit card fraud schemes ever charged by the Justice Department now face a 25-count indictment charging additional crimes, New Jersey U.S. Attorney Paul J. Fishman announced. Nine of the defendants charged in the indictment unsealed today were previously charged by complaint in February 2013 […]
Since 9/11, the US Treasury, FBI and Department of Homeland Security have gone to great lengths to implement financial measures, systems and reporting requirements designed to detect, track and, ultimately, prevent financial support for terrorism. Unfortunately, according to at least one analysis, despite all of the red tape added to the US financial and banking […]
Foreign Donors Funneling Money to CAIR Through Non-Profit Shell Game
Everyone needs to check out the blockbuster report on The Daily Caller which pulls back the veil on CAIR, the Council on American Islamic Relations. The report demonstrates that CAIR is essentially running a foreign influence operation. Unable to support their activities from domestic sources, CAIR has turned to overseas oil-rich Islamists. International donors, like […]
There is evidence the government of China tried to cover up a 2005 meeting it had with top-Israeli officials about terror financing passing through the Bank of China… http://www.jpost.com/International/NY-court-transcript-China-may-have-covered-up-2005-meeting-to-preventIsraeli-testimony-in-terror-finance-case-320848
Wikileaks: Popular Somali Money Transfer Mechanism Used to Fund Al Qaeda
According to Wikileaks documents, the popular Somali money transfer firm, Dahabshiil, has been used to provide money for jihad. The WikiLeaks release of the files of detainees of the US’s Guantanamo Bay detention facility suggested Dahabshiil was the money transfer method used by Muhammad Sulayman Barre to fund al-Qaeda’s November 2002 attacks in Mombasa, Kenya. Partially […]
World banks must vet their customers for terrorism links as part of a global crackdown on money laundering and criminal finance. Terrorist screening “should be carried out irrespective of the risk profile attributed to the customer,” the Basel Committee on Banking Supervision said in proposals published today. Lenders should immediately freeze any assets from clients […]
A Lebanese bank that laundered money from drugs and other operations for clients tied to Hezbollah terrorists agreed to pay US authorities $102 million to settle the charges. Beirut-based Lebanese Canadian Bank was targeted in February 2011 for moving hundreds of millions of dollars for criminal groups and traffickers operating in Latin America, West Africa […]
Two Saudi princes on Tuesday sought to extricate themselves from a London legal battle with a Jordanian businessman who accuses them of laundering money for Hezbollah, the Shiite Islamic terrorist organization. Their lawyer called the accusation “fanciful”. Prince Mishal bin Abdulaziz al Saud, a brother of Saudi Arabia’s King Abdullah, and his son Prince Abdulaziz […]
Imam Feisel Abdul Rauf, founder and CEO of the American Society for Muslim Advancement, is being accused of swiping donation money intended for the “Ground Zero” mosque to enjoy a lavish lifestyle with his wife and his mistress. The ex-“Ground Zero” imam, his pockets stuffed with donations given to Islamic nonprofits, splurged on a high-flying […]
$200 Million Islamic credit card scam in New Jersey
Eighteen people have been charged in what federal prosecutors in New Jersey called one of the largestcredit card fraud schemes ever uncovered by the U.S. Department of Justice, spanning 28 states and eight countries. “The defendants are part of a massive international fraud enterprise involving thousands of false identities, fraudulent identification documents, doctored credit reports and more than $200 […]
The San Diego trial of four Somali men charged with sending money and support to the terrorist group al-Shabaab is scheduled to begin in federal court this month. A federal grand jury indicted the men in 2010 on charges of conspiracy, providing material support to terrorists, providing material support to a foreign terrorist organization and […]
“The practices involve the use of third-country exchange houses or trading companies that are acting as money transmitters to process funds transfers through the United States in support of business with Iran,” that are not exempted or authorized, the Office of Foreign Assets Control said in an advisory. In its advisory, the Treasury Department outlined […]
Prosecutors are laying out their case in court against two South Florida imams accused of funneling more than $50,000 to support the Pakistani Taliban, playing wiretapped phone calls and showing bank records to bolster their accusations against the Pakistan-born men. Hafiz Khan, the head of one of Miami’s oldest mosques, and his son, Izhar Khan, were […]
US anti-money laundering enforcement and regulation in chaos?
The article linked below paints a disturbing picture of the status of the US government’s efforts to combat money laundering, especially where it applies to Iran, the world’s foremost state sponsor of Jihadist terrorism. Note in the article that it is mentioned that Stuart Levey, the former Treasury Department official charged with counterterrorism duties, is […]
U.S. officials said last week that they seized $150 million connected to a scheme in which entities linked to Hezbollah allegedly used the U.S. financial system to launder money through West Africa and back to the group’s base of Lebanon. The seizure stems from a civil lawsuit filed last year by federal prosecutors in Manhattan […]
West Point Report: Haqqani network supported by “rich donors”
By way of CNN, we have still more evidence of financial support for violent jihad by wealthy Muslims in the Persian Gulf region. The Haqqani network is one of the most virulent Jihadist groups in Afghanistan and Pakistan and has been battling US troops for several years. It is closely allied with both Al Qaeda and […]
As U.S. senators digest a sharply critical committee report confirming massive international money laundering by global banking giant HSBC, the Internal Revenue Service is acknowledging receipt of a whistleblower claim from a former employee of the bank who presented 1,000 pages of evidence to WND six months ago, after local and federal authorities ignored him. A series […]
Regular readers of SFW know that we are no fans of HSBC. After all, HSBC has been at the forefront of the financial jihad to facilitate Shariah-compliant finance on a global scale. Moreover, HSBC employed the Jihadist monster Mufti Taqi Usmani as the chair of their Shariah Advisory Board. Then, when the heat over that […]
US Treasury: Gambian supermarkets funded Hezbollah
The Kairaba Shopping Centre, a gleaming, glass-fronted two-story building in Gambia’s Serrekunda beach resort, is the biggest supermarket in mainland Africa’s smallest nation. Its clientele of wealthy locals, tourists and expat workers set it apart from the mom-and-pop stores and local markets where most ordinary Gambians shop. But the US Treasury Department sees something more […]
Note that the authorities reveal that charities and non-profit organizations are commonly used to fund terrorism, as we have covered extensively here on Shariah Finance Watch Recently, the National Police’s Densus 88 counterterrorism unit arrested five suspects in the case of the Surakarta church bombing. Among them was an Information Technology (IT) expert, Rizki Gunawan, […]
The excellent organization United Against Nuclear Iran issued a report just before the Independence Day holiday on the role of Lebanese banks in providing funding for Hezbollah… UANI Reveals Lebanese State-Sponsored Iran/Hizballah Money Laundering Scheme that Fraudulently Supports Lebanon’s Sovereign Debt Market, Calls for Bondholder Divestment UANI Investigation Uncovers Scheme to Artificially Support Lebanon’s Sovereign […]
WASHINGTON – The U.S. Department of the Treasury today designated four individuals and three entities involved in laundering the proceeds of narcotics trafficking for drug kingpin Ayman Joumaa. Treasury also designated a Colombia-based individual under its terrorism authority, Executive Order (E.O.) 13224, for directing Hezbollah’s fundraising activities in the Americas. This individual was previously designated under […]
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