Security Council votes to freeze financial assets of ISIL

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Mark Lyall Grant, Permanent Representative of the United Kingdom to the UN.
Credit: UN Photo/Loey Felipe

The sources of funding of terrorist groups affiliated to al-Qaeda, including the Islamic State of Iraq and the Levant, ISIL have been targeted by a UN Security Council resolution.

ISIL is trying to impose its interpretation of Islam by terrorising people in the territories they control in the Middle East.

On Thursday, the 15-member body voted unanimously to tackle the terrorist group.

Stephanie Coutrix reports.

A draft of the resolution was circulated by Russia late last week, an initiative which was reportedly welcomed by all members of the Security Council.

The document recognises the importance of the role that financial sanctions play in disrupting terrorist groups.

It calls to freeze without delay funds and other financial assets or economic resources from which ISIL, al-Nusra Front, and other al-Qaeda affiliates could benefit.

The British Ambassador to the UN, Lyall Grant said there is what he called a "disturbing body of evidence" that groups such as ISIL are generating significant income from illegal sales.

He gave details on the terms of the resolution.

“It primarily focuses on oil sales, but also covers other sources of ISIL income from kidnapping for ransom, the illicit trade in antiquities, natural resources, and financial transfers.”

The resolution also creates some new reporting requirements by calling on governments to report within 120 days on measures undertaken to block funds from getting into the hands of terrorist groups.

Stephanie Coutrix, United Nations.

Duration: 1’09″

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