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Microfinancing the Caliphate [Recurso electrónico] PDF : how the Islamic State is Unlocking the Assets of European Recruits

By: Material type: ArticleDescription: Recurso onlineSubject(s): Online resources: In: CTC Sentinel CTC Sentinel . -- Vol. 9 Issue 5 (May 2016) p. 11-15Summary: Islamic State recruits from Europe are raising significant funds for the group through multiple microfinancing techniques within the European Union. Moneymaking schemes have included petty theft, fraudulent loan applications, social insurance fraud, and VAT fraud. A range of techniques are being employed by aspiring and active European Islamic State operatives to transfer money to the Islamic State in Syria and Iraq, including bringing money with them when they travel to join the group, withdrawing funds from money transfer businesses operating along the Turkey-Syria border, sending cash couriers, and using the hawala system. To shrink this funding pipeline, financial intelligence must be better integrated into EU counterterrorism eforts.
Item type: Analíticas
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Centro de Análisis y Prospectiva de la Guardia Civil Biblioteca Digital Available 2016639
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Islamic State recruits from Europe are raising significant funds for the group through multiple microfinancing techniques within the European Union. Moneymaking schemes have included petty theft, fraudulent loan applications, social insurance fraud, and VAT fraud. A range of techniques are being employed by aspiring and active European Islamic State operatives to transfer money to the Islamic State in Syria and Iraq, including bringing money with them when they travel to join the group, withdrawing funds from money transfer businesses operating along the Turkey-Syria border, sending cash couriers, and using the hawala system. To shrink this funding pipeline, financial intelligence must be better integrated into EU counterterrorism eforts.

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