Smoke rises behind an Islamic State group flag after Iraqi security forces and Shiite fighters took control of Saadiya in Diyala Province from the extremist group, Nov. 24, 2014. Photo: Reuters
Bennett Seftel, Cipher Brief: With Coffers Draining, ISIS May Seek Donations & Step Up Crime
Once billed the richest terrorist group in history, ISIS’ revenue streams
are drying up, which may force it to rely more heavily on criminal enterprises and donations from like-minded extremists to survive.
The group has ceded nearly 90 percent of the territory it once controlled in Syria and Iraq, according to Brett McGurk, the special presidential envoy for the Coalition to Counter ISIS, speaking at a press conference held Tuesday evening at Fort Belvoir, Virginia.
As ISIS finds itself increasingly strapped for cash, the organization may turn to more traditional terrorist fundraising mechanisms to support its violent campaign across the Middle East and beyond.
Read more ....
WNU Editor: It always comes down to money.
The group has ceded nearly 90 percent of the territory it once controlled in Syria and Iraq, according to Brett McGurk, the special presidential envoy for the Coalition to Counter ISIS, speaking at a press conference held Tuesday evening at Fort Belvoir, Virginia.
As ISIS finds itself increasingly strapped for cash, the organization may turn to more traditional terrorist fundraising mechanisms to support its violent campaign across the Middle East and beyond.
Read more ....
WNU Editor: It always comes down to money.
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