The U.S. Goes After The Islamic State's Money

CNN: U.S. goes after ISIS' billion-dollar revenue stream

Washington (CNN)The U.S. estimates that ISIS brought in $1 billion in revenue last year but that recent airstrikes on their cash holdings and oil infrastructure are beginning to squeeze the group's finances.

Daniel Glaser, the Treasury Department's assistant secretary for terrorist financing, said Thursday that the U.S. efforts to cripple ISIS' ability to raise money are "bearing fruit."

He pointed to airstrikes by the U.S.-led coalition against ISIS cash storage sites in Iraq and Syria as having destroyed "possibly" more than a $100 million of the group's money, along with strikes against oil infrastructure and distribution capabilities controlled by ISIS.

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Update: Treasury official: Gulf states moving to cut off terrorist financing (The Hill)

WNU Editor: Even with these efforts, the Islamic State still has a lot of money .... ISIS Might Not Be So Broke After All (Vocativ).