The TFTC places six entities on the blacklist of sanctions: are organizations and individuals responsible for transferring funds to ISIS militants in Syria and Afghanistan
The international community deals a serious blow to the Isis global funding network i. The member countries of the Terrorist Financing Targeting Center (TFTC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates (UAE) and the U.S. – have blacklisted six entities and individuals related to the Islamic State. Four, located in Turkey and Syria, provided a critical logistical and economic flow to Daesh and its branches, as well as to its networks of global facilitators. Finally, there are the Nejaat Social Welfare Organization and its director, Sayed Habib Ahmad Khan. These facilitated the transfer of funds and supported IS activities in Afghanistan (ISIS-Khorasan, ISIS-K), disguised as charitable donations. The funds raised in the Gulf and the Levant were then transferred to Asia. Here, the ISIS-K coordinator distributed them to local commanders through the company’s offices in Kabul and Jalalabad.
The international community has targeted Daesh’s funding networks. Objective: to reduce their operational and reorganisation capacity
The TFTC, since its inception in 201, has already announced five rounds of designations on the sanctions black list. In all, over 60 terrorists and entities worldwide have been affected. Not only related to Isis, but also to al Qaeda, the Iranian Revolutionary Guards (IRGC), the Lebanese Hezbollah and the Taliban in Afghanistan / Pakistan. The latter measures aim to destroy Daesh’s regional and global funding networks, which go through money transfer services and false charitable organizations. In fact, jihadists urgently need funds to survive. Especially after the military defeats and the increasing pressure to dismantle the cells in Iraq and Syria suffered. By blocking the flows, therefore, their operational and reorganization capacity is drastically reduced. This translates into fewer attacks by terrorists and their greater vulnerability to “enemy” raids.