Washington: Daesh to change funding strategy following Baghdadi’s death

shaheennews

The Daesh terror group’s financing is likely to shift from a centralized system in Iraq and Syria to a much more fragmented one following the death of its leader, a U.S. official said Wednesday.

“The group’s financial operations are expected to move away from a centralized model in Iraq and Syria into a much more regionalized approach as it adapts to cope with the death of leader Abu Bakr al-Baghdadi,” US Treasury assistant secretary for terrorist financing, Marshall Billingslea, told reporters at the sidelines of a Luxembourg meeting focused on countering the terror group.

He predicted that Daesh will rely on their different regional bodies to become more self-sufficient, notably through ransoms from kidnappings, extortion and even the theft of cows in Nigeria, where the group also has a presence.

//Petra//