Financial Transparency Coalition

The Islamic State of Iraq and Syria, or ISIS for short, recently became the world’s wealthiest terrorist organizations. In fact, with an estimated net worth of $2 billion, according to the International Business Times, ISIS may have more cash than the gross domestic product of several small countries including Gibraltar, the Virgin Islands, and Palau. ISIS has achieved this feat in a relatively short time span. Over the last few years, ISIS has made a lot of money in some traditional avenues: mainly through activities like plundering, pillaging, and extortion. ISIS has also gained controlled several...

$800 million. That’s the staggering amount of money said to be unlawfully transferred out of Iraq every week. Last month marked the ten year anniversary of the start of the occupation of Iraq by coalition forces. The aftermath of war and occupation has been ravaging well after the withdrawal of foreign troops. The US Special Inspector General for Iraq Reconstruction has investigated corruption for nearly a decade involving US funds and recently released a final extensive report called Learning from Iraq.

USDOJ - A New Jersey accountant pleaded guilty today to laundering portions of more than $300,000 stolen from the Coalition Provisional Authority (CPA) in the Republic of Iraq and brought back to the United States by his wife, a former U.S. Army lieutenant colonel.