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UN resolution seeks to curb Islamic State funding

December 17, 2015 4:20 pm

Finance ministers from the 15 nations on the UN Security Council are expected to adopt a resolution aimed at starving the so-called Islamic State of funds.

The draft resolution is based on one that was first passed in 1999 to target the rival jihadist group, al-Qaeda.

It urges countries to “move vigorously and decisively to cut the flow of funds” to IS, such as by preventing its smuggling of oil and antiquities.

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The militant group is widely believed to be the world’s wealthiest.

A recent study estimated that it its monthly revenue was $80m (£53m).

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