The sanctions against three individuals and a company based in Turkey announced the US Treasury Department, as it states that they had significant financial transactions with the Islamic State (ISIS).
The US authorities believe that these individuals and the company played a key role in linking ISIS to a network of international donors. They note that these facilities have allowed the terrorist organization to gain access to the financial system of the Middle East.
Commenting on the development, the director of the US Treasury Department’s Office of External Assets, Andrea Gaki, stressed that the US government will continue to work to prevent the re-emergence of ISIS and to destroy its funding networks.
Sanctions Against Natural Persons
Alaa Khanfurah on charges of providing substantial financial, material and technological assistance to ISIS during 2019 and 2020. In particular, the US Treasury Department claims that Khanfurah’s financial services company, which is based in Turkey, transferred money to ISIS members throughout Syria. In fact, Khanfurah is believed to have served as a key mediator in facilitating the transfer of money between senior ISIS leaders in 2017-2019.
Ibrahim Ali Awad al-Fay for owning the Turkish-based Al-Fay company, which is accused of providing substantial assistance to ISIS.
Idris al-Fay, who is being held in custody in Iraq, is accused of using Al-Fay to facilitate the global distribution of funds on behalf of ISIS. The US Treasury Department estimates that Idris al-Fay used the company to mediate between foreign financiers and ISIS.
To Al-Fay, a company based in Turkey, for providing financial, material and technological support to ISIS.
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