International community agrees to cut off funding sources for ISIL and other terrorist groups

The international community has agreed to stop the flow of money to ISIL and other terrorist groups in a resolution adopted in the UN Security Council.

At its first ever meeting at Finance Ministers' level, the Council stepped up its efforts to block all sources of funding including ransom payments, no matter by whom.

Referring to ISIL, also known as Daesh, the UN Secretary-General, Ban Ki-moon had this to say.

"Daesh terrorists raise money through the oil trade, extortion, undetected cash couriers, kidnapping for ransom, trafficking of humans and arms and racketeering. They loot and sell precious cultural property, shamelessly profiting from the destruction of humanity's common heritage. Social media outreach is exploited by Daesh, not just for radicalization and recruiting, but also for fundraising."


SOURCE: UN Radio