Friday, April 27, 2018

Global experts attend Paris conference to combat terrorist financing - FRANCE 24

Ministers from 80 countries and nearly 500 experts gathered in Paris on Wednesday and Thursday for a conference on combating the financing of terror groups such as Islamic State and al-Qaeda, French officials said.

Attacks have become increasingly low-cost since the 9/11 atrocities in the United States in 2001, particularly in recent years as followers of the Islamic State group have used vehicles and guns as their main weapon of choice.

But French authorities remain concerned about a huge war-chest amassed by IS group between 2014 and 2016 when it ruled over large swathes of oil-rich territory in Iraq and Syria.

A French presidential official briefing journalists on Tuesday said that IS group income was estimated at about one billion dollars (820 million euros) a year.

“It [the war chest] has been moved since, at least in part. It’s probably somewhere,” the official said on condition of anonymity. “These groups are very skilful in using sophisticated techniques to move financial resources around.” - Read More


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