Category: Islamaic State

Protected: Amaq – February 17 2018 – Bahra

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Australia – Foreign Fighter Arrested

Belal Betka, 25  will be the first “Australian-based person” to be charged with foreign incursion offences after he was arrested in Sydney suburban home yesterday morning.

The important aspect to focus on is that Belal Betka is the “first Australian based” which could indicate that the legislation will be used to arrest and charge people who were sending money or material supplies through third parties. What may have seemed innocuous at the time, in the future could be seen as quiet the opposite. For example Amendement 30.

The Counter‑Terrorism Legislation Amendment  Foreign Fighters 2014 superseded the Australian Security Intelligence Organisation Act 1979,  and amendment point 30 adds one an extra point to 34L 

 (10) A person commits an offence if:

(a) the person has, in accordance with a warrant issued under this Division, been requested to produce a record or thing; and

(b) the person engages in conduct; and

(c) as a result of the conduct, the record or thing is unable to be produced, or to be produced in wholly legible or usable form. Penalty: Imprisonment for 5 years.”

 

Betka had returned back to Australia from Syria in 2015. The arrest is seen as a flow on from the arrest of Fouad Moussa (tangentcode) who allegedly sent monies through electronic carriage service.

 

In UK four men have been arrested on suspicion of being concerned in the commission, preparation or instigation of acts of terrorism under section 41 of the Terrorism Act 2000. (guardian)

The arrests followed a joint operation by police and MI5. They made their move having decided it was too risky to allow the suspects to remain free. This was based on intelligence, which can be wrong, rather than evidence, which police say they are now trying to obtain.”

Terror Finance Report – stopping the money

The Australian Government TRAC has released  a risk assessment reportMoney Laundering and Terrorism Financing Risk Assessment”  (pdf). The key statistics on Store Value Cards or as the report “SVC”.

SVC’s or ‘Stored Value Cards’, allow money to be debited or payed into an electronic account and the used just like a VISA or other credit card, to purchase goods, particularly over internet retail services. The SVC’s are often bought through ‘on-selling’ of goods, buying and then quickly selling. The proceeds of the “on-sold” goods is then used to buy more SVC cards from which the PIN code is then sent to recipients who withdraw cash money from automatic teller machines or cash points.

 

This type of finance model  which is used to supply Daesh, or “sponsor soldiers” has been a subject for previous reports such as the 2015 FATF Report (pdf)

And, 2012 report from the Australian Treasury (pdf).

The disruption and degradation of finances reaching Daesh will be a major factor towards the final depreciation of their existence. Without a cash flow Daesh will fall into anarchy and dissolve like splinter crystals in acid.

 

UPDATE – AUGUST – 3 – 2017

CBA risks massive fines over anti-money laundering, terrorism financing law breaches (ABC)

UPDATE – AUGUST – 7- 2017

“How smart ATMs and a coding error caused a massive mistake.” (ABC)

“The Commonwealth Bank is embroiled in a scandal that may have allowed terrorists and criminals to launder millions of dollars.

AUSTRAC, Australian’s financial spy agency, filed its case against the CBA last week, (Aug – 3- 2017), alleging it failed to report 53,506 transactions.

They are known as TTRs, or “threshold transaction reports”.

Basically, banks have to let AUSTRAC know within 10 business days if it processes a transaction of $10,000 or more.

So how did it happen?

The CBA says it all comes down to a “software error” in the bank’s smart ATMs.”

UPDATE – 10 August 2017 – FBI Says ISIS Used eBay to Send Terror Cash to U.S. (here)

UPDATE – 4 June 2018 – CBA fined $700 million 

COMMONWEALTH Bank has agreed to pay $700 million and legal costs to resolve proceedings brought by AUSTRAC after admitting to breaching anti-money laundering and counter-terrorism laws.