What is France doing to stem Daesh’s income flow?

At an international level, France played a key role in the adoption of Resolution 2199 of 12 February 2015. Focusing on the financing of terrorism, it calls on member states to take additional measures to combat the various forms of trafficking, in particular that of oil and antiquities.

As part of the International Coalition to Counter Daesh, France is a member of the working group committed to cutting off the terrorist organisation’s sources of finance. On the military front, Coalition strikes have destroyed a large number of refineries controlled by Daesh, helping to reduce its revenue from the sale of oil.

France is also playing a leading role within the Financial Action Task Force (FATF). Alongside the United States, it oversaw the drafting of the Emerging Terrorist Financing Risks report.

At European Union level, France is actively calling for an effective asset-freezing provision and wants means for controlling non-banking payment methods, such as virtual currencies, to be strengthened.

At a national level, France has adopted an asset-freezing provision allowing the state to take action against individuals who commit or attempt to commit acts of terrorism, those who participate in or facilitate such acts, and also those who finance them.

Lastly, France is fully committed to fighting the trafficking of art and antiquities. On 17 November, the French President announced to UNESCO that France would introduce customs controls on the importation of cultural goods and provide “asylum” in France for threatened cultural goods to ensure their safekeeping.

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