‘World’s Wealthiest Terror Org’: US Vows To Cut ISIS Revenue Sources – 24 October 2014

RT logoOil sales, ransoms and extortions help ISIS “generate tens of millions of dollars” monthly, the US Treasury estimates, promising to undermine the group’s finances and to impose sanctions on anyone attempting to do business with the extremists.

The Islamic State (IS, formerly ISIS/ISIL) has “amassed wealth at an unprecedented pace” and is now “probably the best-funded terrorist organization” the US has confronted, according to Treasury undersecretary for terrorism and financial intelligence, David Cohen.

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