United States, Italy, and Saudi Arabia Hold Fourth Counter-ISIL Finance Group Meeting
OREANDA-NEWS. April 14, 2016. Counter-ISIL Finance Group (CIFG) met in Rome for its fourth plenary meeting and marked the one year anniversary of its formation by reviewing our recent progress countering ISIL’s financial resources. Andrew Keller, Deputy Assistant Secretary of State for Threat Finance and Sanctions, co-led the U.S. delegation to Rome with Daniel Glaser, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes.
As a result of actions by CIFG member states over the last year, ISIL is struggling to pay its fighters and is being forced to make difficult choices about how to spend its diminished resources. CIFG members have successfully prevented ISIL from accessing millions of dollars of potential revenue, reduced ISIL’s oil production by roughly one-third, and destroyed tens of millions of dollars of ISIL’s cash holdings. The CIFG will continue its efforts to restrict ISIL’s ability to generate and move funds and to further undermine ISIL’s capacity to recruit fighters and govern territory.
Co-chaired by the United States, Italy, and Saudi Arabia, the CIFG was established in March 2015 and oversees the Global Coalition to Counter ISIL’s efforts to disrupt ISIL’s finances. The CIFG will meet again in Kuwait later this year.
For further information and a full list of CIFG activities, please visit http://www.state.gov/e/eb/rls/othr/2016/255765.htm or contact Laura Robinson at EPPDMedia@state.gov.