This was further reinforced by the French Minister of Finance and Public Accounts, Mr.
Michel Sapin, during his opening speech at the FATF Plenary meeting.
The FATF has now published a report on the This significant report will contribute to the international discussion to update global efforts to counter terrorist financing.
The report demonstrates that ISIL is essentially living off the capital illicitly generated by the territory it occupies, primarily by looting banks, exploiting oil fields and robbing economic assets.
Terrorism is an increasingly global problem that requires concerted global action by a united international community.