Cash to Chaos: Dismantling ISIS’ Financial Infrastructure
Page Count: 34 pages
Date: October 2016
Originating Organization: House Homeland Security Committee
File Type: pdf
File Size: 3,180,713 bytes
File Hash (SHA-256):984F5AD955E0FE5FEE00FC226621AC5CE3B51CF267A236CC715E4447396756F4
Despite battlefield losses, ISIS continues to operate its own terrorist pseudostate and claims a growing global footprint. At least 34 radical Islamist groups have pledged their allegiance to ISIS. As of this printing, the organization has managed to expand its presence to dozens of countries and territories—in addition to recruiting tens of thousands of fighters from over 120 nations. Most alarmingly, ISIS is driving an unprecedented surge of terror plots against the West and poses a persistent and grave threat to the U.S. homeland.
Their explosive growth stems in part from its ability to control territory and generate massive revenue flows from diverse sources. ISIS is unique in comparison to other terror groups in that it runs a state-like infrastructure designed to raise revenue and support government functions, such as providing social welfare services and waging war. While the United States has made progress in blunting the group’s momentum in Iraq and Syria, ISIS has proved to be a flexible and determined enemy that will regenerate and spread unless its revenue streams are cut off decisively.
Given the severity of the threat, the House Homeland Security Committee launched a review to examine ISIS’ financial infrastructure and U.S. Government’s efforts to dismantle it. The Committee’s Majority Staff reviewed the group’s revenue streams, examined U.S. Government activities to counter its finances, and developed findings and recommendations related to the issue.
Results of the Committee’s Review
This report is divided into two primary sections. First, it outlines the pillars of ISIS’ financial infrastructure. Second, it makes 14 key findings and provides accompanying recommendations. Overall, the Committee finds that:
• The U.S. Government lacks a national strategy to counter ISIS and similar terror groups’ fundraising tactics.
• Despite recent setbacks, ISIS’ rapid global expansion and its diverse revenue sources continue to strain the U.S. Government’s ability to disrupt the group’s financial flows.
• The Obama Administration has weakened America’s no-negotiation stance toward terrorist groups who kidnap U.S. persons, and it has failed to take meaningful action to deter foreign governments from making ransom payments to ISIS and other terror groups.
• The U.S. Government lacks clarity about the extent to which terrorist groups like ISIS are using online fundraising platforms to generate income.
• The U.S. Government has largely failed to develop a comprehensive government-wide approach to help foreign partners build the capacity to combat terror financing.
• Efforts by foreign partners to crack down on ISIS’s cross-border smuggling and facilitation networks have so far been inadequate.
• Too few countries have effective financial intelligence units to connect the dots and disrupt terrorist transactions.
• ISIS has been able to withstand targeted sanctions because few countries enforce them.
• Many foreign countries rely on a patchwork system to share expertise and prosecute terror-related financial crimes, increasing the odds that terror financiers will slip through the cracks.
• Domestic and international law enforcement agencies have not put high-enough priority on tracking black market sales of cultural artifacts and antiquities, which have become a significant source of terrorist revenue.
• The U.S. Government does not have standardized internal controls in place across federal departments and agencies to prevent terrorists from using charities, nongovernmental organizations, non-profits, and humanitarian groups to raise and move money covertly.
• Gaping weaknesses in reporting and oversight standards for hawala transactions hamper efforts to identify ISIS financiers and hold financial institutions accountable.
• ISIS has been able to adapt to battlefield setbacks and generate new sources of revenue to support the group’s mission.
• ISIS continues to receive financial assistance from supporters in permissive Gulf State countries.
Isis News, Isis Flag, Isis Thrown Off Cliff, Isis Goddess, Isis Definition, Isis Attack, Isis Uf, Isis Memes, Isis Map, Isis Website, Isis Attack, Isis Aspen, Isis And Osiris, Isis Archer, Isis Acronym, Isis Attacks In Us, Isis Asheville, Isis Antm, Isis Afghanistan, Isis Atrocities, Isis Band, Isis Bombing, Isis Build, Isis Beliefs, Isis Button, Isis Brown Sugar, Isis Books, Isis Being Killed, Isis Behind The Mask, Isis Best Gore, Isis Control Map, Isis Capital, Isis Chemical Weapons, Isis Caliphate, Isis Chan, Isis Cartoon, Isis Controlled Territory, Isis Candy Tomato, Isis Cnn, Isis Collection, Isis Definition, Isis Defeated, Isis Drones, Isis Documentary, Isis Death Toll, Isis Dead, Isis Deaths, Isis Daesh, Isis Drone Video, Isis Dc, Isis Egypt, Isis Explained, Isis Edc, Isis Europe, Isis Events, Isis Exhaust, Isis Enemies, Isis Excussion, Isis Exchange, Isis England, Isis Flag, Isis Fighters Killed, Isis Fighters Thrown Off Cliff, Isis Facts, Isis Fighters, Isis Fighters Executed, Isis Fails, Isis Funding, Isis Founder, Isis Flag For Sale, Isis Goddess, Isis Gallardo, Isis Goals, Isis Genocide, Isis Getting Shot, Isis Goat Meme, Isis Group, Isis Getting Bombed, Isis Goat, Isis Gif, Isis Harambe, Isis History, Isis Hair, Isis Hit List, Isis Heavy, Isis Hunting Permit, Isis Hostages, Isis Hunting, Isis Hand Sign, Isis Horus, Isis In Syria, Isis Iowa, Isis In The Philippines, Isis Iraq, Isis In Afghanistan, Isis In America, Isis Israel, Isis Ideology, Isis In Libya, Isis In Mosul, Isis Jokes, Isis Jhu, Isis Jv Team, Isis Jones, Isis Journal, Isis Jordan, Isis Jihad, Isis Japan, Isis John, Isis Joust Build, Isis King, Isis K, Isis Kids, Isis Kidnapping, Isis Knot, Isis Keyshia Wig, Isis Kurds, Isis Kneading, Isis Ksu, Isis King Engaged, Isis Leader, Isis Live Map, Isis Logo, Isis Leader Dead, Isis Location, Isis Las Vegas, Isis Losing, Isis Libya, Isis Lyrics, Isis Leadership, Isis Meaning, Isis Memes, Isis Map, Isis Mosul, Isis Magazine, Isis Music, Isis Members, Isis Mythology, Isis Marawi, Isis Music Hall, Isis News, Isis Name Meaning, Isis Name, Isis Numbers, Isis Net Worth, Isis News Mosul, Isis News Today, Isis National Anthem, Isis Nitric Acid Video, Isis New York, Isis Or Isil, Isis Origin, Isis Oasis, Isis Osiris, Isis Oil, Isis Oceanic, Isis Oracle, Isis On Twitter, Isis Osiris Horus, Isis Ohsu, Isis Propaganda, Isis Papers, Isis Pharmaceuticals, Isis Philippines, Isis Persona 5, Isis Pictures, Isis Phone Number, Isis Population, Isis Pizza, Isis Paris Attack, Isis Quotes, Isis Queen, Isis Quizlet, Isis Quran, Isis Questions, Isis Quartz, Isis Qaraqosh, Isis Quick Facts, Isis Qatar, Isis Quotes To America, Isis Religion, Isis Recruitment, Isis Recruitment Video, Isis Raqqa, Isis Romero, Isis Rea Boykin, Isis Russia, Isis Ramadan, Isis Reddit, Isis Recent Attacks, Isis Stands For, Isis Syria, Isis Symbol, Isis Song, Isis Sunni, Isis Social Media, Isis Shotgun, Isis Soldiers, Isis Smite, Isis Stronghold, Isis Thrown Off Cliff, Isis Territory, Isis Thrown Off Building Video, Isis Twitter, Isis Tv Show, Isis Theme Song, Isis Terrorist Attacks, Isis Torture, Isis Terrorist, Isis The Goddess, Isis Uf, Isis Uiowa, Isis Unveiled, Isis Uark, Isis Update, Isis Uk, Isis Using Drones, Isis Us, Isis Uniforms, Isis Urban Dictionary, Isis Vs Isil, Isis Valverde, Isis Victims, Isis Vs Usa, Isis Vegas, Isis Vs Taliban, Isis Vasconcellos, Isis Vs Kkk, Isis Vehicles, Isis Violence, Isis Website, Isis Wiki, Isis Wigs, Isis War, Isis Wings, Isis Women, Isis Wallet, Isis Weapons, Isis Waswas, Isis Wenger, Isis X Clan, Isis Xinjiang, Isis Xl, Isis Xpad, Isis X Rite, Isis Xinjiang China, Isis Xenophobia, Isis Xbox, Isis Youtube, Isis Yemen, Isis Yazidi, Isis Yugioh, Isis Youtube Channel, Isis Young, Isis Youth, Isis Youtube Ads, Isis Year Founded, Isis Y Osiris, Isis Zionist Plot, Isis Zoo, Isis Zion, Isis Zodiac, Isis Zone Of Control, Isis Zakat, Isis Zerocensorship, Isis Zodiac Sign, Isis Zarai Sandoval, Isis Zims