Countering Daesh Financing and Economic Resources – Progress Update
On April 7-8, the Counter-Daesh Finance Group (CFIG) met in Rome to discuss Coalition efforts to disrupt Daesh’s financial networks. The Coalition has taken measures to prevent Daesh’s use of the international financial system by designating – domestically, regionally and through existing UN Security Council resolutions – Daesh senior leaders, facilitators and financiers, effectively freezing their assets and making it more costly and more difficult for them to do business.
The Coalition has also sought to counter the exploitation of economic assets and resources by Daesh. Precision Coalition air strikes against Daesh-controlled oil fields, infrastructure, and transportation assets continue to degrade Daesh’s ability to produce, refine, and sell oil, a primary source of revenue for the organisation.