News

The fall of the Islamic State's self-proclaimed caliphate, which once covered 34,000 square miles across Syria and Iraq, significantly curtailed the group's ability to raise funds through theft, extortion, kidnappings for ransom and "taxation" of the local population. ACAMS moneylaundering.com reporter Chelsea Carrick sat down with Jessica Davis, president of Insight Threat Intelligence and author of "The Financial Future of the Islamic State," an article appearing in the July/August edition of Sentinel, a publication run by the Combating Terrorism Center at West Point, to discuss the Islamic State's current fundraising operations. An edited transcript of their conversation follows. According to...