Al-Kawthar Money Exchange

Address: Al-Qa’im, Al Anbar Province, Iraq;

Activities:

In 2013, Al-Kawthar was involved in facilitating money transfers for ISIS’s predecessor, Al-Qa’ida in Iraq (AQI). As of mid-2016, Al-Kawthar Money Exchange, located in ISIS-controlled territory, was owned by Umar Mahmud Rahim Al-Qubaysi.

Between late 2015 and early 2016, Al-Kawthar Money Exchange reconciled financial transfers worth approximately $2.5 million with another Iraq-based money exchange company that was associated with ISIS financial facilitators. Al-Kawthar sent transfers using a Gulf-based company, which is co-owned by two suspected ISIS facilitators.

In spring 2014, as the owner of Al-Kawthar, al-Kubaysi reconciled deposits and withdrawals with the Hanifa Currency Exchange, which is owned by ISIS financial facilitator Fawaz Muhammad Jubayr al-Rawi.