Islamic State amassing wealth at 'unprecedented pace', says US official


WASHINGTON: The Islamic State (IS) group is amassing wealth at an "unprecedented" pace and generating tens of millions of dollars per month, Xinhua news agency reports quoting a US official.

David Cohen, Treasury undersecretary for terrorism and financial intelligence, said Thursday the group "poses a different terrorist financing challenge" given its revenue sources have a different composition from many other terrorist organisations.

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Islamic State , US , militants , extremists , terrorists

   

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