Finance ministers of the United Nations Security Council's member countries passed a resolution in New York on Thursday (17 December) to cut funding for Islamic State.
Before the meeting, French Minister of Finance Michel Sapin pointed specifically to the use of pre-paid bank cards which can be charged by individuals for hundreds of euros and transferred across frontiers to another card. Neither cardholder needs to identify themselves.
Secretary-General Ban Ki-moon stated. “Terrorists continue to adapt their tactics and diversify their funding sources. Today, Da’esh runs a multi-million dollar economy in territories under its control. Da’esh terrorists raise money through the oil trade, extortion, undetected cash couriers, kidnapping for ransom, trafficking of humans and arms and racketeering," he said.