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OFAC Targets ISIS Financial Network

OFAC designated seven individuals and one entity alleged to be "financial facilitators and conduits for the Islamic State of Iraq and Syria ("ISIS") operating in Europe, Africa and the Middle East."

Six of the individuals and the entity, a money services business, are allegedly part of the Iraq-based Rawi Network, which was the target of OFAC (and concurrent military) action in October 2018. The seventh individual, based in Kenya, is an alleged financial facilitator for ISIS.

Primary Sources

  1. U.S. Treasury Press Release: Treasury Designates Key Nodes of ISIS's Financial Network Stretching across Middle East
  2. Europe and East Africa
  3. U.S. Treasury Resource Center: Counter Terrorism Designations; IRGC Foreign Terrorist Organization Designation

Tags

Body of Law
Sanctions
Jurisdiction
US - Federal
Organization
Treasury / FinCEN / OFAC / CFIUS
Sub-Author
OFAC