Summary
OFAC designated three individuals and six entities across Europe, the Middle East, and West Africa for facilitating financial transactions on behalf of ISIS.
The action targets Bitcoin Xchange, a Syria-based money services business (MSB) that has transferred funds for ISIS associates from multiple countries, including the United States.
Additionally, OFAC identified two TRON wallet addresses linked to French national Miloud Abderrahmane, a designated ISIS financial facilitator.
On June 22, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and six entities for facilitating financial transactions on behalf of the Islamic State of Iraq and Syria (ISIS).The enforcement action targets financial infrastructure that helped individuals across Europe, the Middle East, and Africa move crypto to ISIS.ISIS support via cryptoThe sanctions hit Bitcoin Xchange, a Syria-based money services business established in late 2020 by Abdelhakim Boukich, a former Dutch national and extremist financial facilitator, and associates. According to OFAC, “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.”They also impact Turkish MSBs Spider Gayrimenkul Ve Genel Ticaret Limited Sirketi (Spider) and Alkaram Danismanlik Gayrimenkul Ic Ve Dis Genel Ticaret Limited Sirketi (Alkaram). Both exchanges are owned and controlled by Mohamad Alhmidan, who was previously designated by OFAC in March 2016. Spider originated as a hawala operating in Syria and was used to transfer money from ISIS-controlled territories to other regions.Miloud Abderrahmane, a French national who instructed ISIS supporters on building explosives, was sanctioned for conducting transactions with ISIS affiliates. OFAC identified two TRON blockchain addresses linked to Abderrahmane.
