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Monday, August 31, 2015

ANALYSIS: A flawed US approach to countering IS financing?

Middle East Eye

Military efforts to dislodge the Islamic State (IS) group from its strongholds in Syria and Iraq have not yet had the desired effect, in part due to the lack of a coordinated policy by regional and global actors.
The other major strategy to weaken IS, financial warfare, has been described as “pathetic” despite numerous international efforts, ncluding UN Security Council resolutions, an extensive report by the OECD's Financial Action Task Force (FATF), the Manama Declaration on combating the financing of extremism, the establishment of the Counter-ISIL Finance Group in Rome and pressure from the United States.
Financial crime experts attribute the failure to curb the rise of IS to policy initiatives and the “stalled war on terrorism financing”.

To read more: http://www.middleeasteye.net/news/analysis-flawed-us-approach-countering-financing-611245461

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