US offers $5 million in rewards for information leading to disruption of ISIL’s financial activity

30/09/2015 16:23
Asia-Plus
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DUSHANBE, September 30, 2015, Asia-Plus -- Press release issued by the White House notes that US President Obama on September 29 hosted a Summit highlighting the international community’s efforts to counter Islamic State of Iraq and the Levant (ISIL), address Foreign Terrorist Fighters (FTFs), and Counter Violent Extremism (CVE).

President Obama has reportedly made clear that ISIL poses a threat to the United States and the international community, and that we will use all instruments of power to defeat it.  He has also made clear that this fight will not be won quickly, solely through military means, or by the United States alone.  This is a long-term struggle that will be won with a comprehensive approach in concert with state and nongovernmental actors across the globe.

The United States established and is leading a Coalition of more than 60 partners committed to degrading and ultimately destroying ISIL.  The Coalition is working to squeeze ISIL financially.  Early this year, the Coalition’s Counter ISIL Financial Group (CIFG), co-chaired by the United States, Italy and Saudi Arabia, developed an action plan to disrupt ISIL’s financial activity and ability to raise, move and use funds.

This week, the United States designated over 30 ISIL officials, facilitators and supporters and announced a State Department Rewards for Justice offer of up to $5 million for information leading to the significant disruption of the sale of oil or antiquities benefiting ISIL.

Additionally, the UN added key ISIL facilitators to the UN al-Qaeda Sanctions List, effectively freezing their assets and preventing them from using the international financial system as well as prohibiting their travel in accordance with UN Security Council Resolution (UNSCR) 1267, according to the White House press release.

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