WASHINGTON — On November 8 and 9, 2022, the Counter ISIS Finance Team (CIFG), a performing group of the World Coalition to Defeat ISIS, held its seventeenth meeting on combating ISIS funding throughout the world. The United States, Italy, and Saudi Arabia hosted this assembly practically, joined by various dozen member states and observers. The pursuing is a joint assertion of the CIFG co-qualified prospects:
Our Mission
The International Coalition to Defeat ISIS is frequently boosting its equipment and solutions to counter the evolving danger of ISIS funding as component of its broader effort to counter the group’s ongoing terrorist threat. We keep on doing work closely to deprive ISIS of resources it demands to indoctrinate and mobilize new recruits, acquire arms and machines, set up safe havens, and plot terrorist attacks around the world.
Key Priorities
Through the two-working day party, our coalition shared assessments of ISIS financing in the Middle East, Europe, Africa, and South and Southeast Asia. We highlighted essential systemic vulnerabilities in the international anti-dollars laundering and countering the funding of terrorism (AML/CFT) regime, which ISIS exploits to finance its functions. These include things like informal resources transfer solutions, these types of as hawalas and funds couriers, in permissive jurisdictions raising use of digital assets and felony pursuits, such as extortion, kidnapping-for-ransom, and looting of civilians in conflict spots. We talked about how ISIS facilitators favor hawalas and, to a lesser extent, digital asset service providers probably mainly because they supply anonymity, absence oversight across several jurisdictions, cost fairly small assistance expenses, and normally perform a lot quicker transactions than banks and registered cash services businesses. Our team also expressed fears about ISIS’s skill to solicit donations by way of social media platforms and encrypted messaging apps to steer clear of detection from counterterrorism authorities. CIFG users and participants observed efforts to put into action crucial AML/CFT reforms and exchanged scenario studies of recent investigations, prosecutions, and other disruptions of ISIS fundraising and fiscal facilitation networks.
Emphasis on Intercontinental Cooperation
CIFG associates and observers go on doing work closely with counterterrorism partners to disrupt ISIS funding sources and methods regardless of the complexity of problems we confront. The CIFG partners’ intercontinental info-sharing allows counterterrorism functions, prosecutions, money sanctions, and other enforcement measures that keep on to disrupt ISIS donors, fundraisers, and financial facilitators. We also continue on exchanging complex knowledge and operating bilaterally and in multilateral fora to reinforce AML/CFT regimes in vulnerable jurisdictions to avert their abuse by ISIS and other terrorist teams. Together we will dismantle ISIS economical guidance networks and attain the enduring defeat of the terrorist team and its affiliates.
Simply click here to examine the Counter ISIS Funding Fact Sheet.
