UN Security Council adopts resolution to cut off ISIS funding

The UN Security Council on Thursday unanimously adopted a resolution to cut off funds for the Islamic State, an extremist group, in a firmer move by the international community to fight terrorism.


Measures such as asset freeze, travel ban and arms embargo will be taken against the Islamic State, also known as the IS, ISIS and Daesh that controls large swaths of Syria and Iraq, including oil and gas fields, according to the resolution.


The resolution was adopted by the 15-nation UN body at an open meeting chaired by US Treasury Secretary Jacob Lew, whose country holds the rotating council presidency for December.


The resolution decided to “freeze without delay the funds and other financial assets or economic resources of these individual groups, undertaking and entities, including funds derived from property owned or controlled directly or indirectly, by them or by persons acting on their behalf or at their direction, and ensure that neither these nor other funds, financial assets or economic resources are made available, directly or indirectly for such persons’ benefit, by their nationals or by persons within their territory.”


The resolution also noted that IS is a splinter group of al-Qaida and said that “terrorism can only be defeated by a sustained and comprehensive approach involving the active participation and collaboration of all States and international and regional organizations to impede, impair, and incapacitate the terrorist threat.”


Read More: UN Security Council adopts resolution to cut off ISIS funding – Middle East – Jerusalem Post