Treasury sanctions ISIS financial facilitators across Syria, Turkey, France and Nigeria

WASHINGTON, June 22, 2026 — Treasury’s Office of Foreign Assets Control designated three individuals and six entities linked to Islamic State financial networks spanning Europe, the Middle East and West Africa, saying the measures are aimed at disrupting the militant group’s ability to move funds between regional affiliates. Treasury said the action was taken under Executive Order 13224, as amended.

Those newly added to the Specially Designated Nationals list include Miloud Abderrahmane of France, Abdelhakim Boukich of Syria and Mukhtar Adamu Muhammad of Nigeria, along with six entities: Turkey-based money service businesses Spider Gayrimenkul Ve Genel Ticaret Limited Sirketi and Alkaram Danismanlik Gayrimenkul Ic Ve Dis Genel Ticaret Limited Sirketi; Syria-based Bitcoin Xchange; and Nigeria-based Nine to Nine Exchange Bureau de Change Limited, Manhattan Bureau de Change Limited and Generation Currency Bureau de Change Limited.

Treasury said Abderrahmane conducted transactions with known ISIS affiliates and provided instructional and manufacturing information on explosives to supporters. It said Boukich controlled Bitcoin Xchange, a Syria-based business that allegedly transferred money for ISIS associates from countries including Norway, Belgium, the Netherlands, South Africa and the United States. Treasury also said the Turkey-based Spider and Alkaram businesses operated as part of a network tied to previously sanctioned facilitator Mohamad Alhmidan and were used to move funds from ISIS-held parts of Syria to other areas.

In West Africa, Treasury said Muhammad acted as a financial facilitator for ISIS-West Africa and controlled or directed three Nigerian bureau de change companies that handled transfers on behalf of the group. Treasury linked the action to broader US-Nigeria counterterrorism cooperation following the May 16, 2026, killing of senior ISIS figure Abu-Bilal al-Minuki, who had overseen ISIS’s General Directorate of Provinces.

As a result of the designations, all property and interests in property of the sanctioned persons that are in the United States or in the possession or control of US persons must be blocked and reported to OFAC. Treasury said transactions by US persons involving the blocked parties are generally prohibited, and foreign financial institutions could face secondary sanctions for knowingly facilitating significant transactions for them.