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Oil Smuggling Highlights Challenges in Shutting Down IS Finances

In the span of one year, Islamic State militants made more than half a billion dollars by seizing government banks, illegal oil sales, kidnapping and extortion, making them one of the wealthiest terrorist organizations in the world. The United States, its allies and the United Nations are making efforts to shut down the money flows. Airstrikes in Iraq and Syria have knocked out oil fields and refineries. The United Nations Security Council has adopted strongly worded resolutions to...

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