| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and six entities in Europe, the Middle East, and West Africa for facilitating financial transactions supporting ISIS. This action aims to disrupt ISIS’s ability to move funds among its regional affiliates and protect religious minorities targeted by ISIS violence. Key facilitators include individuals and money service businesses (MSBs) involved in transferring funds for ISIS associates across multiple countries. The designations were made under Executive Order 13224, targeting those providing material support to ISIS. The action also highlights cooperation with Nigeria to counter terrorism financing and includes sanctions implications for violating U.S. economic sanctions, with potential civil or criminal penalties. |
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Treasury Targets ISIS Facilitators and Disrupts Terrorist Financial Networks
| Source: US OFAC news |
| Summary: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and six entities in Europe, the Middle East, and West Africa for facilitating financial transactions supporting ISIS. This action aims to disrupt ISIS’s ability to move funds among its regional affiliates and protect religious minorities targeted by ISIS violence. Key facilitators include individuals and money service businesses (MSBs) involved in transferring funds for ISIS associates across multiple countries. The designations were made under Executive Order 13224, targeting those providing material support to ISIS. The action also highlights cooperation with Nigeria to counter terrorism financing and includes sanctions implications for violating U.S. economic sanctions, with potential civil or criminal penalties. |
| Read full article → |
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