While the Islamic State has lost much of its foothold in Iraq and Syria over the past few years of fighting, the militant group is still a global threat with up to $300 million in its coffers, U.N. counterterrorism officials warned Tuesday.
Senior officials warned the U.N. Security Council that the group — also identified as ISIS, ISIL and Daesh — has influence through a network of affiliates from West Africa to Southeast Asia.
“It capitalizes on its affiliates and inspired attacks and has an estimated residual wealth of up to $300 million at its disposal,” said Vladimir Voronkov, undersecretary-general for the U.N. Office of Counter-Terrorism.
Article submitted by: PragDem