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Caliphate in Decline - ISIS running short of other people's money
[Breitbart] The Islamic State (ISIS/ISIL) is plagued by financial troubles, with annual revenue falling by over 50 percent over the last two years, a study finds.The challenge of modern governance everywhere. However, "the decline in revenues may not have an immediate effect on the group’s ability to carry out terrorist attacks outside its territory. While hurting Islamic State finances puts pressure on the organization and its state-building project, wider efforts will continue to be necessary to ultimately defeat it," points out the London-based International Center for the Study of Radicalization (ICSR) and accounting group Ernst & Young in its study. Moreover, ISIS and its affiliates have expanded to multiple countries where they may find sources of income other than what is available to them in their so-called caliphate in Iraq and Syria. Page 7 of the study outlines the specific sources of ISIS revenue. Posted by: Besoeker 2017-02-23 |
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