US TREASURY TARGETS ISIS FINANCIAL FACILITATORS IN SYRIA AND TURKEY

On 17 May, OFAC announced that it had designated 3 individuals and 1 entity in connection with ISIS.  The individuals and company being designated are said to have played a crucial role connecting ISIS with a network of international donors and enabled ISIS to access the financial system in the Middle East.  This action coincides with the latest meeting of the Counter ISIS Finance Group (CIFG), which includes nearly 70 countries and international organisations, and plays a fundamental role in coordinating efforts to deny ISIS access to the international financial system and eliminate its sources of revenue.

https://home.treasury.gov/news/press-releases/jy0179

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210517

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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