Washington DC: The seven member states of the Terrorist Financing Targeting Center (TFTC) on Wednesday 15 July designated six individuals and entities affiliated with the Islamic State of Iraq and Syria (ISIS) as part of their efforts to disrupt ISIS’s ability to finance its global operations.
Wednesday’s actions target money services businesses and a charity that operated under false pretenses and played a vital role in transferring funds to support ISIS operations, including by funneling hundreds of thousands of dollars to ISIS leaders in Syria and Iraq.
These sanctions impact three Syria-based money services businesses – al Haram Exchange, Tawasul Company, and al-Khalidi Exchange – along with a senior ISIS financial facilitator, Abd-al-Rahman Ali Husayn al-Ahmad al-Rawi, and Afghanistan-based Nejaat Social Welfare Organization and its director, Sayed Habib Ahmad Khan. These individuals and entities were previously designated by the United States under Executive Order 13224.
Ther latest actions by TFTC serve as a further warning to individuals and businesses who provide financial support or material assistance to terrorist organizations.
The TFTC coordinates and shares financial intelligence information to target activities that pose a threat to the national security of its members, which include Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, United Arab Emirates, and the United States.