Syria and Iraq Conflict – ISIS Economy – UN Security Council

VIDEO: UN Security Council Tightens Net around ISIS Finances

Fri Dec 18, 2015 07:55:06

Finance ministers from the UN Security Council on Thursday unanimously backed a resolution aimed at ramping up sanctions against the ISIS terrorist group and cutting off its revenue flows.

US Treasury Secretary Jacob Lew led the council’s first-ever meeting of finance ministers, shoring up a major diplomatic push to end the war in Syria, where ISIS terrorists control a large swathe of territory and have installed their de facto capital.

Drafted by the United States and Syrian ally Russia, the measure will update an Al-Qaeda blacklist by renaming it the “ISIL (Daesh / ISIS / IS) and Al-Qaeda sanctions list” to signal the UN’s focus on the ISIS extremists.

The resolution urges countries to “move vigorously and decisively to cut the flow of funds, and other financial assets and economic resources” including oil and antiquities to ISIS, and to “more actively” submit names to the sanctions list.

It calls on governments to ensure they have adopted laws that make the financing of ISIS and of foreign fighters who join its ranks a serious criminal offense.

A Russian-drafted resolution on cutting off the extremists’ revenue streams was adopted in February, but countries have been slow to take action to choke off funding channels.

"While we are making progress to financially isolate ISIL, if we are to succeed we all must intensify our efforts, on our own and together at the international level, said Lew."

The latest measure would require all countries to report within 120 days on steps taken to target ISIS financing.

UN Secretary-General Ban Ki-moon will be asked to prepare a sweeping report in 45 days on the ISIS threat and its revenue streams, focusing also on funding for foreign fighters.

A UN sanctions committee made up of the 15 Security Council member states can impose an assets freeze, travel ban and arms ban on individuals and entities linked to IS extremists; AFP reported.

S/SH

string(2315) "[{"id":"1769722","sort":"3460345","contenttypeid":"21","pic":"/2015/12/16/alalam_635858567439952944_25f_4x3.jpg","title":"ISIS Threat Notes Posted Across Sweden; You Will be Beheaden if Not Convert"} ,{"id":"1769768","sort":"3460346","contenttypeid":"21","pic":"/2015/12/16/alalam_635858651503313494_25f_4x3.jpg","title":"VIDEO: Syrian Army Controls al-Noubeh Mount, Retakes other Areas from ISIS"} ,{"id":"1769838","sort":"3460347","contenttypeid":"21","pic":"/2015/12/16/alalam_635858801740376250_25f_4x3.jpg","title":"ISIS Plans to Target North African Oil Fields to Boost Income"} ,{"id":"1769859","sort":"3460348","contenttypeid":"21","pic":"/2015/12/16/alalam_635858799650793235_25f_4x3.jpg","title":"VIDEO, West in WW3 Against ISIS Could Lose, US is Defenseless: McAfee Says"} ,{"id":"1769873","sort":"3460349","contenttypeid":"21","pic":"/2015/12/16/alalam_635858862582364309_25f_4x3.jpg","title":"ISIS Supporter Syrian Group Revealed Images of 2 Victims to be Torched Alive"} ,{"id":"1769893","sort":"3460350","contenttypeid":"21","pic":"/2015/12/16/alalam_635858904975206805_25f_4x3.mp4","title":"VIDEO: Dreadful Moment ISIS Suicide Bomber Detonates Himself in Homs"} ,{"id":"1769897","sort":"3460351","contenttypeid":"21","pic":"/2015/12/16/alalam_635858913234439856_25f_4x3.jpg","title":"Video, Israeli “Elite Anti-Terror Unit” More Savage Than ISIS Terrorists"} ,{"id":"1769932","sort":"3460352","contenttypeid":"21","pic":"/2015/12/16/alalam_635858969537772604_25f_4x3.jpg","title":"109 ISIS Oil Tankers Razed by Russian Air Force: Sources"} ,{"id":"1769948","sort":"3460353","contenttypeid":"21","pic":"/2015/12/16/alalam_635859000172562903_25f_4x3.jpg","title":"Turkish Military Base Fired by ISIS Rockets in Iraq, Four Soldiers Injure"} ,{"id":"1770131","sort":"3460354","contenttypeid":"21","pic":"/2015/12/17/alalam_635859645451294147_25f_4x3.jpg","title":"Maps Show 31,000 Mercenaries from 86 Countries Fight for ISIS"} ,{"id":"1770208","sort":"3460343","contenttypeid":"21","pic":"/2015/12/17/alalam_635859791725099571_25f_4x3.jpg","title":"ISIS Planning to Attack Europe: German Arrested Terrorist"} ,{"id":"1770233","sort":"3460344","contenttypeid":"21","pic":"/2015/12/17/alalam_635859821253202274_25f_4x3.jpg","title":"Erdogan Accuses Treachery for Revealing Toxic Gas Sales to ISIS"} ]"