Banks and Charities News

Time to Improve Lackluster U.S. Approach Towards Domestic Terror-Funding Charities

CATF Reports Mar. 28, 2017, 2:22pm

Former U.S. Treasury Department terrorism analyst urges Trump administration to revive initiatives to curb terrorist-funding charities operating on U.S. soil.

Humanitarian Aid Comes With Strings Attached in Gaza

CATF Reports Mar. 24, 2017, 1:13pm

This week Muhammad Murtaja, the director of the Gaza branch of a major Turkish charity, was put on trial by Israeli authorities on charges of misappropriation of humanitarian aid for terror financing purposes.

Qatar Invests Heavily in Russia in Hopes of Burying Tensions over Terror-Financing

CATF Reports Mar. 17, 2017, 12:34pm

Recently, Qatar has invested billions of dollars in Russia in an effort to strike a delicate balance in its foreign policy, buy leverage with an increasingly important power in the region, and cover up tensions between the two countries over Doha’s history of funding terrorists.

German Footballer Fired Over Links to Radical Islamists

CATF Reports Feb. 2, 2017, 11:18am

German Bundesliga football club just canned its midfielder over links to radical Islamic Salafist factions throughout Germany.

Qatar’s Darfur Initiative Expands Doha’s Strategy but Fails on Peace

CATF Reports Feb. 1, 2017, 2:20pm

Qatar has attempted to act as the primary mediator in negotiations over the future of Darfur, but previous cases point to a country with intentions of playing a role far larger than regional peacemaking.

Terrorists’ Exploitation of Charities at an All Time High in the UK

CATF Reports Jan. 12, 2017, 1:00pm

The UK Charity Commission urges terrorist abuse is the most potentially deadly threat facing charities and has nearly tripled in the past three years.

Reported Leaked German Intelligence Report Links Saudi, Qatar, and Kuwait to Spread of Extremist Groups in Germany

CATF Reports Dec. 29, 2016, 12:56pm

Reports have emerged over the leak of a brief prepared by Germany’s most powerful intelligence agencies on the spread of extremist groups and ideologies through Gulf-linked NGOs.

Kuwait: Banks’ Compliance Efforts Insufficient to Choke Off Terror Financing

CATF Reports Nov. 2, 2016, 1:18pm

Kuwaiti banks are complying with domestic and international counterterrorism finance rules, but their efforts need to be supported and complemented with incisive political action.

The Irony of the U.S. Treasury’s Appreciation for Qatar’s Efforts

CATF Reports Oct. 27, 2016, 4:03pm

After Clinton’s leaked emails acknowledged Qatar’s clandestine financial and logistical support to extremist and terrorist groups in the Middle East, the U.S. Treasury publicly praised Qatar’s initiatives to counter terror financing during a formal meeting in the Gulf emirate.

Al Haramain Foundation: What’s Behind OFAC Sanctions? Politics.

CATF Reports Sep. 23, 2016, 11:12am

Last Friday the U.S. Treasury announced its decision to delist the Oregon-based branch of Al Haramain Foundation, designated as a terrorist entity for its strong links to al-Qaeda and the Saudi government. The move sparks doubts about the ultimate nature and value of the terrorist designation process in the U.S.

Qatar Charity Faces New Controversies In Italy

CATF Reports Aug. 19, 2016, 11:12am

In Italy, Qatar Charity is getting negative press due to the high state of alert against growing terrorist threats and in light of debates on how to prevent further radicalization in the country.

World Vision and Its Feared Spillover

CATF Reports Aug. 17, 2016, 3:36pm

World Vision International, a Christian humanitarian aid organization, is under the microscope after Israeli authorities arrest their Gaza manager for allegedly funneling the organization’s money to Hamas.

Bank Asya: Erdogan Takes Over

CATF Reports Jul. 19, 2016, 8:28am

All banking operations of Bank Asya, a Turkish major lender founded in the late 1990s by Gülen movement affiliates, were officially suspended yesterday by effect of Erdogan’s unrestrained purge of the Gülen movement after the failed July 15 coup.

Lebanese Banks Cannot Afford “Banking Prudence”

CATF Reports Jul. 15, 2016, 11:01am

The implementation of the US “Hizballah International Financial Prevention Act” (HIFPA) crossed a red line in Lebanon and left little hope for compromise between the Lebanese banking system and Hezbollah in the country, at least in the short term.

Eid Charity’s Al Baraka Initiative: Admirable or Alarming?

CATF Reports Jul. 5, 2016, 2:46pm

In a new shift, Eid Charity will soon be receiving funds from Qatari businesses that will help expand the charity’s operations at home and overseas. But, where Eid Charity’s aid will be directed remains unclear.

Al-Nusra and its Gulf Financiers: The Political Cost of a Long-Running Alliance

CATF Reports Jun. 24, 2016, 7:23am

Kuwait and Qatar remain al-Nusra’s top financiers. Will their support influence al-Nusra to disavow al-Qaeda in the near future?

How Saudi Relief Helped the Balkans Turn into Breeding Ground for Terrorism

CATF Reports Jun. 20, 2016, 3:08pm

Saudi Arabia’s aid in the Yugoslav wars’ aftermath proved crucial to establishing a hotbed for extremism and terrorism in the Balkans.

Qatari Donors Are Buying a Say in Italy’s Islam

CATF Reports Jun. 9, 2016, 3:00pm

At the end of May, a Qatar Charity delegation traveled across the northwest of Italy to inaugurate several Islamic centers built or renovated thanks to the €25 million devolved to UCOII over the past three years, in line with the provision of Qatar Charity’s “Ghaith” initiative. This most recent investment, however, is only the tip of the iceberg.

Between Counter-Terrorism and Propaganda: The UK Government and “Help for Syria”

CATF Reports May 9, 2016, 8:54am

The U.K. government secretly funds Syrian refugee charities. Do these tactics constitute sinister citizen control?

HSBC, the Finsbury Park Mosque, and the Legacy of Abu Hamza

CATF Reports Mar. 11, 2016, 9:08am

Abu Hamza serves life in prison, but his legacy of terror still reigns over Finsbury Park Mosque which continues to appear in the World Check terrorism risk database.