Financing Terrorism

Hezbollah Launched a Campaign to Raise Money for Military Purposes Using the Islamic Resistance Support Association

Hezbollah recently launched a campaign to raise money for its military activities. The campaign was waged by the Islamic Resistance Support Association (IRSA), Hezbollah's main fund-raising institution. Such a campaign is waged in the Shi'ite communities in Lebanon and abroad at the beginning of every year.
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Drive for donations using Bitcoin on an ISIS-affiliated website

On January 15, 2019, the ISIS-affiliated website Akhbar al-Muslimin (which recently renewed its activity) began a drive for donations using Bitcoin. The site posted a link to its virtual wallet. The link forwards the potential donor to the website of a digital currency exchange located in Vienna.
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Hamas and the Popular Resistance Committees called on their supporters to donate money using the virtual currency Bitcoin

Hamas and the Popular Resistance Committees, two terrorist organizations operating in the Gaza Strip, recently called on their supporters to donate money using the virtual currency Bitcoin. To date, requests for donors have been made by Abu Obeida, spokesman for Hamas’s military wing, and by the Al-Nasser Salah al-Deen Brigades, the military wing of the Popular Resistance Committees.
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Operation Northern Shield on the Israel-Lebanon Border for the Destruction of Hezbollah Tunnels Penetrating into Israel (The situation on the ground, December 18, 2018)

On December 15, 2018, a fourth tunnel was exposed crossing the border from Lebanon into Israeli territory. IDF forces continue their activities along the border, so far without serious friction with Hezbollah or the Lebanese army, which are monitoring the activity. Hezbollah continues to keep a low media profile regarding the IDF's activity.
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Hezbollah’s Tri-Border Area terror finance comes under fire at last By Emanuele Ottolenghi

On July 13, Argentina’s Financial Intelligence Unit froze assets of 14 Lebanese nationals and residents of the Tri-Border Area of Argentina, Brazil and Paraguay, or TBA. According to the FIU, the targeted individuals were part of a criminal organization linked to Hezbollah and associated with the Barakat clan, a powerful Lebanese Shi’a family whose leader in the TBA, Assad Ahmad Barakat, was sanctioned by the U.S. Department of Treasury in 2004.
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Iranian support for Palestinian terrorism: Continuation of Iranian fund transfers to shaheeds’ families in the Gaza Strip by PIJ-affiliated Al-Ansar charity association

The Al-Ansar charity association in the Gaza Strip, which is affiliated with the Palestinian Islamic Jihad (PIJ), announced that it had distributed this year financial support for families of shaheeds killed in the years 2000-2014. A total of $1,870,000 was distributed this year (compared to $2 million in 2017).
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Financing Terrorism

A terrorist organization must have sources of financing to finance and carry out all of its activity and goals. Without financing sources, it will be difficult for the organization to exist and carry out its goals. Without financing, the organization will not be able to handle, support and equip its operatives, and prepare and maintain a reasonable infrastructure for its activity.

Terrorist financing can be divided into two main goals: financing a focused act of terrorism with a clear goal. In this case, the financing activity will be limited in scope, amount and time. The other type of goal is a broader goal of establishing, maintaining, and cultivating the terrorist infrastructure, organizational structure, purchasing, ongoing expenses, payment of salaries and more. In this case, the financing activity is not limited in time, ceiling or financial scope.

Most of the money for terrorism financing comes from terror-sponsoring countries, among which Iran is prominent (and is involved in the financing of terrorism carried out by Hezbollah, Hamas, and the Palestinian Islamic Jihad). Terrorist organizations have additional sources of financing, such as revenues from criminal activity (Hezbollah), the sale of oil products, and the collection of taxes from the population (ISIS). Other organizations finance terrorism with funds obtained from sources such as donations, charities, commercial profits, etc., which were diverted to terrorism financing.

In recent years there has been growing recognition of the importance of thwarting terrorist financing channels as part of the effort to thwart terrorist activity. In the aftermath of the terrorist attacks of September 11, 2001, the international struggle against terror financing gained momentum, and it was decided to integrate the international struggle against terrorism into the struggle against terrorism financing and even to streamline it through legislation and counterterrorism activities. However, as the struggle against terrorism financing increases, the methods of terrorism financing become more sophisticated and diverse, making it more difficult to monitor the sources of terrorism financing and to cope with them.