Financing of the Terrorist Organisation Islamic State in Iraq and the Levant (ISIL) published by FATF (2/2015).
“The mandate of the Financial Action Task Force (FATF) was expanded in 2001 to address the funding of terrorists acts and terrorist organisations. Since that time, combatting terrorist financing (TF) has been a very significant challenge. Important work was done in 2008 to identify a wide variety of TF methods terrorists use to raise, move and use funds. That study addressed the terrorist requirement for funds to include direct costs associated with specific operations and broader organisational costs to maintain infrastructure and promote ideology for the terrorist organisation…”
