Terrorist Financing Targeting Center imposes sanctions on ISIS-linked entities and individuals in Turkey, Syria, and Afghanistan

WASHINGTON, D.C. – The U.S. and its partner countries in the Terrorist Financing Targeting Center (TFTC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – imposed sanctions on three money services companies, a charity, and an individual in Turkey and Syria linked to the Islamic State (ISIS) in Iraq and Syria with the aim of disrupting ISIS’s ability to finance its operations around the world.

According to a statement from the U.S. State Department, the TFTC sanctions target several financial services companies and a charitable authority operating under false pretexts, all of which played a vital role in transferring funds to support ISIS operations, including sending hundreds of thousands of dollars to ISIS leaders in Syria and Iraq.

These sanctions affect three Syria-based financial services companies, namely Al-Haram Exchange Company, Tawasul Company, and Al-Khalidi Exchange Company, as well as a senior financial facilitator for ISIS named Abd al-Rahman Ali Hussein al-Ahmad al-Rawi. Afghanistan-based Najat Social Welfare Organization run by Sayed Habib Ahmed Khan was also included on the list, according to a statement published by the U.S-based Al-Hurra TV channel. An individual in Turkey was also included in the sanctions.

The State Department statement also stressed that these measures are an additional warning to the individuals and companies who provide financial support to the terrorist organizations.