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3/19/2020

Counter ISIS Finance Group Leaders Issue Joint Statement | U.S. Department of the Treasury

Counter ISIS Finance Group Leaders Issue Joint Statement
February 15, 2018

JORDAN, AMMAN – On February 11, the Counter ISIS Finance Group (CIFG) convened its 49
member states and observers to discuss the future of ISIS financing. The CIFG, which the United
States, Italy, and Saudi Arabia co-chair, was established in January 2015 as one of the five
working groups within the Global Coalition to Counter ISIS, a broad international group formed
to degrade and ultimately defeat ISIS. This meeting marks the three-year anniversary of the
creation of the CIFG and the ninth meeting of this group.
Below is a joint statement that can be attributed to leaders of the Counter ISIS Finance Group:
"Our coalition continues to make great progress in the ongoing fight against ISIS, as we identify
next steps in this joint campaign to financially isolate ISIS and eliminate its sources of revenue.
Although the coalition has successfully retaken over 98 percent of the territory ISIS once
controlled in Iraq and Syria, the fight is not over. ISIS's revenues have significantly declined, but
so have its expenses, making the work of the CIFG more important than ever.
"Our finance working group is focused on improving the Global Coalition to Counter ISIS's
collective understanding of this terror group's changing tactics and financial activities in the
wake of losing its so-called caliphate. CIFG members exchanged information and shared
national strategies to identify and disrupt ISIS financial facilitation networks within member's
domestic jurisdictions and around the world. The discussions focused on ISIS's branches,
which play a key role in ISIS's new strategy to attempt to demonstrate global reach and project
strength, even as our collective e orts disrupt their malign activities. The working group also
highlighted the importance of collaboration between members in the form of technical
assistance and dissemination of best practices. The coalition addressed ISIS's global
procurement networks, and resolved to engage domestic private sectors in strategies to combat
the emerging risk. The working group separately discussed stabilization challenges, including
the risk of ISIS exploiting the influx of reconstruction assistance funds into Iraq and Syria.
"Our coalition must remain vigilant within our domestic jurisdictions as we engage global
partners to deprive ISIS of its sources of revenue and prevent it from accessing the international
https://home.treasury.gov/news/press-release/sm0294

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3/19/2020

Counter ISIS Finance Group Leaders Issue Joint Statement | U.S. Department of the Treasury

financial system. The work of the CIFG is critical to the global fight to defeat ISIS in all corners of
the world."
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https://home.treasury.gov/news/press-release/sm0294

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