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Analysis: US Treasury sanctions Hezbollah front designed to insulate terror group’s gold reserves
Earlier this week, the US Treasury Department sanctioned Jood SARL, a gold exchange recently established in Lebanon, declaring it a front for the US-sanctioned Hezbollah financial institution Al Qard al Hassan (AQAH). For years, AQAH has acted as Hezbollah’s shadow bank, using its legal status as a charitable institution to elude banking regulations, oversight, and compliance. However, based on corporate records, it appears that Treasury did not designate some of Jood SARL’s shareholders and managers.
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US Treasury Department designates Islamic State facilitators across Africa
Yesterday, the US Treasury Department sanctioned three Islamic State facilitators based in Zambia, Uganda, and South Africa. The three have operated as part of a coordinated network that moves money between Islamic State franchises in Somalia, South Africa, Uganda, the Democratic Republic of the Congo (DRC), and Mozambique.
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Ep. 47 – Designating terrorists
FDD’s Jonathan Schanzer joins the podcast to discuss how the U.S. Treasury Department designates terrorists and America’s current challenges. Jon and host Bill Roggio also discuss their love of Philly sports teams to the disgust of host Tom Joscleyn. Powered by RedCircle Take a look around the globe today and you’ll see jihadists fighting everywhere from West Africa to Southeast Asia. They aren’t the dominant force in all of those areas, or even most of them. But jihadism has mushroomed into a worldwide movement, with al-Qaeda, the Taliban, ISIS and other groups waging guerrilla warfare and launching terrorist attacks on…
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Islamic State ‘finance emir for Mosul’ relocated to Turkey, US says
On Aug. 29, the Treasury Department announced that Salim Mustafa Muhammad al-Mansur had been added to the US government’s list of specially designated global terrorists. The move was made in conjunction with the Iraqi government. Al-Mansur served as the Islamic State’s “finance emir for Mosul,” Iraq as of earlier this year, but he has “moved to Turkey.”
