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Daesh Has As Much As $300 Million To Fight - UN Chief

Daesh Has As Much As $300 Million To Fight - UN Chief
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By Staff, Agencies

Daesh [the Arabic acronym for terrorist ‘ISIS/ISIL’ group] has been left with as much as $300 million following the loss of its so-called “caliphate” in Iraq and Syria, “with none of the financial demands of controlling territory and population,” United Nations Secretary-General Antonio Guterres said in a report released Monday.

The report to the Security Council on the threat posed by Daesh warns that the lull in attacks directed by the militant group “may be temporary.”

Last week, UN experts said in another report to the council that Daesh leaders are aiming to consolidate and create conditions for an “eventual resurgence in its Iraqi and Syrian heartlands.”

It said the current lull in attacks “may not last long, possibly not even until the end of 2019.”

Guterres said in the new report that while the loss of territory ended Daesh group’s ability to generate revenue from oil fields and local people, Daesh is believed to be capable of directing funds to support “terrorist acts” within Iraq and Syria and abroad. It said informal money transfer businesses known as “hawaladars” are the most common method.

He said looted antiquities from Iraq may be another source of revenue for Daesh and returnees from the conflict said there was a special unit responsible for selling such objects.

“Details of antiquities traded and the current location of any stored antiquities are assessed to be known only to Daesh leaders,” he added.

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