Financing Terrorism

The Gaza Strip-based Generosity Without Limit Association, affiliated with the Popular Resistance Committees terrorist organization, is supported by charitable organizations abroad. Some of the funds apparently find their way to the Popular Resistance Committees

Since 2007 a charitable organization has been operating in the Gaza Strip called the Generosity Without Limit Association (henceforth "Generosity Association"). It defines itself as a social-cultural association. An examination of the names of its senior activists clearly links it to the Popular Resistance Committees (PRC), a Gaza Strip-based terrorist organization.
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Jihad al-Bina Association in Lebanon: A Hezbollah social foundation engaged in construction and social projects among the Shiite community, being a major component in Hezbollah’s civilian infrastructure

Hezbollah maintains an extensive network of social foundations in the Shiite community in Lebanon. These foundations deal with healthcare, education, finance, welfare, and communications. They serve as supportive foundations for Hezbollah’s military infrastructure, as well as a means of disseminating Hezbollah’s ideology and strengthening its position among the Shiite community and in Lebanon in general.
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Hamas once again calls on its supporters to donate to its military wing in Bitcoin

In early June 2019, Hamas once again called on its supporters to donate to its military wing in the virtual currency Bitcoin. The funds raised are intended to support the jihad waged by Hamas against Israel (which is described as the enemy of the Arab and Muslim Nation).
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Hezbollah’s socioeconomic foundations: Al-Qard al-Hasan, a quasi-bank that provides interest-free loans, mainly to members of the Shiite community

Overview Hezbollah maintains an extensive network of social foundations in the Shiite community in Lebanon. These foundations deal with healthcare, education, finance, welfare, and communications. They serve as a supportive framework for the organization’s military infrastructure, as well as a means of disseminating Hezbollah’s ideology and strengthening its position among the Shiite community and in
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Funding Terrorism: campaign of a jihadi organization operating in the Gaza Strip to raise funds in Bitcoin

The Salafi Army of the Nation in Jerusalem, a jihadi organization affiliated with Al-Qaeda which operates in the Gaza Strip, recently renewed a campaign to raise funds in the Bitcoin virtual currency. According to the organization’s announcement, the donations are intended to provide the organization fighters with weapons and equipment (the cost of obtaining weapons for one fighter is estimated by the organization at $2,000).
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Hamas’s financial aid to the wounded and the families of those killed in the Return Marches

On April 21, 2019, Ahmed al-Kurd, member of the Hamas Political Bureau and the Hamas official in charge of the Wounded Portfolio, announced the distribution of financial aid to families whose children were killed or wounded during the return marches.
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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.