Global Terrorism Financing Report
June 2026
Welcome back, Insight Monitor subscribers!
This month’s report covers new terrorism financing issues and cases, ranging from the Islamic State (ISIL), the identification of crypto-enabled networks in North America and Europe, and Iranian financial and procurement operations. We also report on Hamas’ ongoing financing schemes, ISWAP’s taxation practices in West Africa, and the increasing involvement of organized crime in terrorism financing across South America.
Explore the latest on global terrorism financing—and don’t miss our in-depth long-reads section!
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North America
North Carolina resident Alexander White was sentenced to eight years in prison for providing material support to ISIL. White circulated propaganda and fundraised for well-known ISIL affiliates, while also attempting multiple financial transactions to support terrorist camps and funnel money to ISIL members and supporters.
The US Treasury sanctioned three individuals and six entities in West Africa, Europe, and the Middle East for facilitating ISIL financial transfers. In Syria, Abdelhakim Boukich and his company were sanctioned for converting cryptocurrency donations into cash for ISIL. Mukhtar Adamu Muhammad and three of his businesses in West Africa were also designated by the Treasury for supporting ISIL financing and fund transfers. The last sanctioned individual, France-based Miloud Abderrahmane, facilitated transactions with ISIL affiliates in Syria and provided guides and manufacturing instructions.
The US Treasury Department sanctioned nine individuals and entities tied to weapons procurement networks supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and Ministry of Defence and Armed Forces Logistics (MODAFL), including China- and Hong Kong-based facilitators and a Hong Kong company involved in clandestine banking.
