The Islamic State terror group made nearly $1 billion in total revenue last year, half of which came from the sale of oil, and earned as much $350 million per year by extorting funds from the local population, a top US Treasury Department official has said. ISIL’s sources of income include oil and gas sales, […]

Four high-profile UK jihadists fighting or recruiting for Islamic State militants in Syria are to be subjected to UN sanctions – at the UK’s request. The UN’s updated sanctions list named the four as Omar Hussain from High Wycombe, Nasser Muthana from Cardiff, Aqsa Mahmood from Glasgow and Sally-Anne Jones from Chatham in Kent. They […]

The Financial Action Task Force (FATF) has issued a report on the funding of terrorist organisation Islamic State in Iraq and the Levant (ISIL). The report suggests countermeasures that governments can take to combat key terrorist financing risks, and identifies certain risks on which the FATF will conduct further research in order to determine the […]

Islamic State is now the richest terrorist group in history – and that’s because its finances “combine old-fashioned looting and pillaging with high-tech illicit funding,” says Freddie MacMahon. Writing in CityAM, the strategy and innovation director of Anomaly42 said that money and assets gained through smuggling, extortion and looting are brought into the financial system […]

UNITED NATIONS — The United States and France are asking the United Nations Security Council to impose sanctions on as many as 15 suspected terrorist fighters, recruiters and fund-raisers, including some connected to the Islamic State, American officials said on Monday. They described the request as part of the Obama administration’s push for international action […]

The jihadist group has oil revenues, arms and organization, controls vast stretches of Syria and Iraq and aspires to statehood. Organization The Islamic State in Iraq and Syria has a detailed structure that encompasses many functions and jurisdictions, according to ISIS documents seized by Iraqi forces and seen by American officials and Hashim Alhashimi, an […]

The Commission wishes to draw licensees’ attention to the current military action in Iraq and the associated funding of the extremist insurgency group, Islamic State in Iraq and the Levant (“ISIS”). Reports indicate that in addition to private donations and traditional criminal activity in that region such as robbery and extortion, ISIS has been funding […]