The United States Department of State announced on its official website Monday that it targeted several entities that transferred funds to ISIS terrorists.
According to the State Department, three individuals and six entities have been designated and blocked from transporting funds. The money was transported across several countries in three continents, in an elaborate terror financing network spanning from France and Syria to Turkey and Nigeria.
Among those identified is a France-based facilitator who provided information concerning the use of explosives to ISIS supporters, a Syria-based operator who used cryptocurrency to transfer funds on behalf of ISIS associates in multiple countries including the United States, and a Nigeria-based facilitator whose money exchange businesses served as conduits for ISIS financing.
The State Department stated: “We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable – wherever they operate and however they move money.”