Efforts by foreign partners to crack down on ISIS’s cross-border smuggling and facilitation networks have so far been inadequate.Government has largely failed to develop a comprehensive government-wide approach to help foreign partners build the capacity to combat terror financing.
Government lacks clarity about the extent to which terrorist groups like ISIS are using online fundraising platforms to generate income. persons, and it has failed to take meaningful action to deter foreign governments from making ransom payments to ISIS and other terror groups. The Obama Administration has weakened America’s no-negotiation stance toward terrorist groups who kidnap U.S.Government’s ability to disrupt the group’s financial flows. Despite recent setbacks, ISIS’ rapid global expansion and its diverse revenue sources continue to strain the U.S.
Government lacks a national strategy to counter ISIS and similar terror groups’ fundraising tactics. Second, it makes 14 key findings and provides accompanying recommendations. First, it outlines the pillars of ISIS’ financial infrastructure. This report is divided into two primary sections.
Government activities to counter its finances, and developed findings and recommendations related to the issue. The Committee’s Majority Staff reviewed the group’s revenue streams, examined U.S. Given the severity of the threat, the House Homeland Security Committee launched a review to examine ISIS’ financial infrastructure and U.S. While the United States has made progress in blunting the group’s momentum in Iraq and Syria, ISIS has proved to be a flexible and determined enemy that will regenerate and spread unless its revenue streams are cut off decisively. ISIS is unique in comparison to other terror groups in that it runs a state-like infrastructure designed to raise revenue and support government functions, such as providing social welfare services and waging war. Their explosive growth stems in part from its ability to control territory and generate massive revenue flows from diverse sources. Most alarmingly, ISIS is driving an unprecedented surge of terror plots against the West and poses a persistent and grave threat to the U.S. As of this printing, the organization has managed to expand its presence to dozens of countries and territories-in addition to recruiting tens of thousands of fighters from over 120 nations. At least 34 radical Islamist groups have pledged their allegiance to ISIS.
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