U.S. Treasury Department: The Islamic State Is Likely The 'Best-Funded Terrorist Organization In The World'

Islamic State Among ‘Best-Funded’ Terrorist Groups On Earth: Treasury Dept. -- Washington Times

With the exception of a handful of state-sponsored militant groups, the Islamic State is likely the “best-funded terrorist organization” Washington has ever faced, raising $1 million a day from black-market oil sales, $20 million in ransoms over the past year and millions a month through extortion in Syria and Iraq, the Treasury Department’s top official for tracking terrorist financing said Thursday.

David S. Cohen, Treasury undersecretary for terrorism and financial intelligence, said the extremist group, also known by the acronyms ISIS and ISIL, has “grabbed the world’s attention for its outlandish ambitions and astounding brutality, but also for another reason: its substantial wealth. ISIL’s primary funding tactics enable it today to generate tens of millions of dollars per month.”

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Islamic State among world's richest militant groups: US -- AFP
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Islamic State making millions despite US bid to halt money flow -- L.A. Times
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From oil to extortion, ISIL’s monthly millions in US sights -- The National
Treasury Department’s Anti-Terrorism Chief Says Cutting Off ISIS Funds Of High Importance -- Time
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