Terrorism

Mosul Takeover Netted ISIS Up to $1B in Cash, US Official Says

“ISIS netted between $500 million and $1 billion in cash when it took over Iraq’s second largest city in 2014, a top Obama administration official said Thursday. Daniel Glaser, the U.S. Treasury’s assistant secretary for terror financing, told participants at the Aspen Security Forum that when ISIS swept through the city of Mosul in northern Iraq, it took the reserves of over 90 banks, estimated to be between $500 million and $1 billion.”

Source: Mosul Takeover Netted ISIS Up to $1B in Cash, US Official Says | Military.com

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