– AUSTRALIA AFTER $38 MIL’ ISIS FUNDING
Australia said Wednesday 11/04/2015 it was striving to shut down money flows to the Islamic State and alike after its anti-money laundering agency AUSTRAC tracked Aus$53 million (US$38 million) in suspect transactions in a year.
Government body AUSTRAC said that between 07/2014 and 06/2015, it monitored more than 100 people “of interest” and investigated 536 suspicious transactions valued at Aus $53 million, most of which were associated with terrorist groups in Iraq and Syria.
Australia has been increasingly worried about its nationals traveling to war zones in the Middle East to join terrorist groups.
The government estimates some 120 Australians are in Iraq and Syria supporting the Islamic State and other terror-linked groups, with another 160 actively supporting extremist organizations at home in Australia through financing and recruitment.
Australian authhorities drew a link between the amount of oney and people going overseas, adding that some Aus $11 million of the transactions were in cash. “Currently, the volume of terrorism financing in Australia is linked to the number of Australians travelling to join terrorist groups in Syria and Iraq,” AUSTRAC said in its annual report presented to parliament Tuesday 11/03/2015..
“Australians traveling to fight in the region may fund their own activities or receive financial support from Australian sympathizers.”
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