ANALYSIS: Terrorist financing - how does ISIS get funding?
"There are generally three significant baskets of terrorist financing taking place in respect of IS that engage external states and their financial institutions.
"The first is the sale of crude oil from Iraq and Syria from oil fields acquired by the IS, sometimes referred to as terrorist oil; the second is funding from individuals in developed countries to IS directly and indirectly; and the third is self-funded activities such as ransom payments from the kidnapping of foreigners, taxes imposed on businesses, Christians and financial transactions in captured territories [including sex slavery of teenage girls and the sale of captured women and children], stolen currency and gold from banks and the sale of looted goods.
"According to experts, IS has over $2 billion in cash in the coffers and as well as an unknown amount in banks."
Read the analysis by Christine Duhaime, in Duhaime's Anti-Money Laundering Law in Canada.
"The first is the sale of crude oil from Iraq and Syria from oil fields acquired by the IS, sometimes referred to as terrorist oil; the second is funding from individuals in developed countries to IS directly and indirectly; and the third is self-funded activities such as ransom payments from the kidnapping of foreigners, taxes imposed on businesses, Christians and financial transactions in captured territories [including sex slavery of teenage girls and the sale of captured women and children], stolen currency and gold from banks and the sale of looted goods.
"According to experts, IS has over $2 billion in cash in the coffers and as well as an unknown amount in banks."
Read the analysis by Christine Duhaime, in Duhaime's Anti-Money Laundering Law in Canada.