Islamic State once controlled a fortune of about $6 billion. Now its territory has been destroyed, the terrorist group may be down to its last $300 million.
that IS was already regrouping in Iraq, and was capable of mounting a resurgence in Syria within 6 to 12 months, unless it came under sustained pressure.
The UN believes the group has"bulk-stored cash" in its former strongholds and smuggled some into neighbouring countries for safekeeping, with a proportion invested in legitimate businesses. These are reported to include hotels, real estate companies, farms and car dealerships in the Middle East region.from European and American diplomats that IS was channelling funds to jurisdictions beyond Iraq and Syria.
IS cells, the report continues, are expected to be self-financing through a variety of activities, including extortion, kidnapping for ransom or other criminal activity. Indeed, the UN said there are reports that the group retains intelligence on local communities that could be used in future to"extort or otherwise extract financing from areas previously under its control".
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