On June 22, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and six entities across Europe, the Middle East, and West Africa for facilitating financial transactions on behalf of the Islamic State of Iraq and Syria (ISIS).
This action targets key facilitators who enable ISIS to move funds among its regional affiliates and in so doing helps protect the rights of religious minorities who have been targeted by ISIS and ISIS-inspired violence. Regardless of the financial instrument, method of transmission, or location of the funds, the Treasury Department will relentlessly pursue ISIS’s finances and disrupt their ability to harm Americans.
“ISIS continues to seek new methods and tools to finance terrorist attacks,” said Secretary of the Treasury Scott Bessent.
ISIS relies on a wide network of financial facilitators that enables the group’s operations. As outlined in Treasury’s 2026 National Terrorist Financing Risk Assessment, as well as the Financial Crimes Enforcement Network’s April 2025 Advisory on the Financing of ISIS and its Global Affiliates, sustained counterterrorism pressure has forced ISIS to become much more decentralized and reliant on more autonomous cells and affiliates throughout the world. Financial facilitators provide critical connectivity between these nodes and ISIS’s General Directorate of Provinces, which provides operational guidance and funding to ISIS regional offices.
On May 16, 2026, President Trump announced the killing of Abu-Bilal al-Minuki in a coordinated effort involving the United States Department of War and the government of Nigeria. Al-Minuki, designated by the U.S. Department of State on June 8, 2023 was the number two official in ISIS and led ISIS’s General Directorate of Provinces. ISIS-linked financial facilitators will also be held accountable. Whether individuals are knowingly supporting ISIS, or because of compliance system failures, providing critical financial connectivity to ISIS exposes individuals and firms to the full breadth of Treasury’s authorities.
Miloud Abderrahmane, based in France, Abdelhakim Boukich, based in Syria, and Mohamad Alhmidan, previously designated by OFAC, are three such individuals that have facilitated transactions for ISIS. Abderrahmane, a French-national, has conducted transactions with known ISIS-affiliates, including some who were based in Syria. He has also provided instructional and manufacturing information on explosives to ISIS supporters.
Boukich, formerly a Dutch national and an extremist financial facilitator, controls and directs Bitcoin Xchange, a Syria-based money service business (MSB). Bitcoin Xchange was established in late 2020 by Boukich and his Syria-based associates. Boukich and Bitcoin Xchange have transferred money on behalf of ISIS associates originating from multiple countries, including Norway, Belgium, the Netherlands, South Africa, and the United States.
Alhmidan also owns and controls Spider Gayrimenkul Ve Genel Ticaret Limited Sirketi (Spider), a Turkiye-based MSB.
“The United States,” said Secretary Bessent, “will leverage every tool at its disposal to crush ISIS’s remaining capabilities and protect American lives.”