Jihadist kidnapping effort and bitcoin purchase to raise funds

A suspected Dutch jihadist affiliated with ISIL, known only has “Mohammed G”, is believed to have been involved in the kidnapping of a British couple in South Africa. 

Mohammed tried to use the woman’s credit card in an attempt to buy Bitcoin. 

Mohammed was part of a cell of other individuals who wanted to raise funds to set up a training camp in Somalia and buy weapons. 

Analysis: It’s unclear if the group tried to ransom the couple to raise more funds for their jihadist project. The attempt to buy bitcoin likely indicated an effort on behalf of the group to move any available money out of the formal financial system and into an “untraceable” form of funds.

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Jessica DavisComment