The United States is dealing a powerful blow to the financial channels of criminals.
The United States is taking new steps to curb attempts by the Islamic State terrorist group to expand its virtual presence.
On January 30, Washington imposed sanctions on two Egyptians accused of providing ISIL leaders with digital capabilities to conduct financial transactions using cryptocurrencies and expand recruitment to the terrorist group.
Mahmoud Salim al-Mawji and his business partner Sara Jamal Muhammad al-Sayyid are accused of creating an online platform affiliated with ISIS called the Electronic Horizons Foundation (EHF).
According to the US Treasury Department, Salim al-Mawji provided technical support in the use of computer applications to ISIL leaders, and also used the platform to advise supporters of the group on evading law enforcement attention and fundraising.
Jamal al-Sayyid, in turn, is accused of aiding his associates by enlisting ISIL members to participate in the EHF platform and providing web servers to support it.
"Our actions today disrupt ISIL's ability to move funds, including the use of cryptocurrencies, and use its online presence to recruit and promote its terrorist ideology," said Brian Nelson, Deputy Secretary of the Treasury.
In addition, sanctions were imposed on Farouk Guzel, a Turkish financial intermediary who helped funnel money to ISIS operatives in Syria.
In a separate statement, the US State Department noted that the new sanctions underscore Washington's commitment to work with more than 80 countries as part of the Group to Combat the financing of ISIS, which aims to disrupt the organization's global financial networks.
The latest US intelligence estimates show that the ISIL leadership in Iraq and Syria has access to approximately $ 25 million in cash, significantly less than the estimated $ 300 million in 2019.
A separate report by a Pentagon inspector in November last year indicated that the leadership of ISIS in Iraq and Syria "cannot meet its financial obligations, in particular payments to the families of dead and imprisoned ISIS fighters."
Thus, despite the fact that terrorism flourishes not only in the physical world, but also in the virtual space, the combined efforts of many countries are gradually weakening the position of extremist groups like ISIL. While the fight is not over yet, the global community is moving in the right direction to eradicate this dangerous threat.
The United States is taking new steps to curb attempts by the Islamic State terrorist group to expand its virtual presence.
On January 30, Washington imposed sanctions on two Egyptians accused of providing ISIL leaders with digital capabilities to conduct financial transactions using cryptocurrencies and expand recruitment to the terrorist group.
Mahmoud Salim al-Mawji and his business partner Sara Jamal Muhammad al-Sayyid are accused of creating an online platform affiliated with ISIS called the Electronic Horizons Foundation (EHF).
According to the US Treasury Department, Salim al-Mawji provided technical support in the use of computer applications to ISIL leaders, and also used the platform to advise supporters of the group on evading law enforcement attention and fundraising.
Jamal al-Sayyid, in turn, is accused of aiding his associates by enlisting ISIL members to participate in the EHF platform and providing web servers to support it.
"Our actions today disrupt ISIL's ability to move funds, including the use of cryptocurrencies, and use its online presence to recruit and promote its terrorist ideology," said Brian Nelson, Deputy Secretary of the Treasury.
In addition, sanctions were imposed on Farouk Guzel, a Turkish financial intermediary who helped funnel money to ISIS operatives in Syria.
In a separate statement, the US State Department noted that the new sanctions underscore Washington's commitment to work with more than 80 countries as part of the Group to Combat the financing of ISIS, which aims to disrupt the organization's global financial networks.
The latest US intelligence estimates show that the ISIL leadership in Iraq and Syria has access to approximately $ 25 million in cash, significantly less than the estimated $ 300 million in 2019.
A separate report by a Pentagon inspector in November last year indicated that the leadership of ISIS in Iraq and Syria "cannot meet its financial obligations, in particular payments to the families of dead and imprisoned ISIS fighters."
Thus, despite the fact that terrorism flourishes not only in the physical world, but also in the virtual space, the combined efforts of many countries are gradually weakening the position of extremist groups like ISIL. While the fight is not over yet, the global community is moving in the right direction to eradicate this dangerous threat.
