“Secret” Norwegian Report Details ISIS-Turkey Oil Trade As UN Vows To “Cut Off” Terrorist “Funding Sources
“The resolution gives us more flexibility to go after those who are helping Isil [Isis], whether to move funds, to store funds or to earn funds”.
That’s from Adam Szubin, undersecretary for terrorism and financial intelligence at the US Treasury. Szubin is referencing a Security Council resolution proposed by Washington and Moscow that calls for a crackdown on Islamic State’s access to the international financial system.
As FT reports, the “rare meeting of Security Council member finance ministers also resolved to press other nations to enforce more rigorously existing rules that are designed to limit the flow of revenues, fighters and equipment to the Islamist militant group.”
At its first ever meeting at Finance Ministers’ level, the United Nations Security Council today stepped up its efforts to cut off all sources of funding for the Islamic State in Syria and Iraq (ISIL) and other terrorist groups, including ransom payments, no matter by whom.The Council also called on Member States to promote enhanced vigilance by persons within their jurisdiction to detect any diversion of explosives and raw materials and components that can be used to manufacture improvised explosive devices or unconventional weapons, including chemical components, detonators, detonating cord, or poisons.
“They (the terrorists) are agile and have been far too successful in attaining resources for their heinous acts,” Secretary-General Ban Ki-moon told the Council at the start of the debate. “As Da’esh (another name for ISIL) and other terrorist groups disseminate their hateful propaganda and ratchet up murderous attacks, we must join forces to prevent them from acquiring and deploying resources to do further harm,” he stressed.
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