ISIS can’t pay fighters, says US treasury
a combination of bombing attacks on ISIS cash stores and oil shipments has left the group struggling financially
Efforts to choke off the finances of ISIS have left it unable to pay its fighters and spurred corruption within the group, a senior US official said Thursday.
Daniel Glaser, the Treasury’s assistant secretary for terrorist financing, told Congress that a combination of bombing attacks on ISIS cash stores and oil shipments, locking it out of the banking system, and cutting off Iraq government cash flows to ISIS-controlled areas, has left the group struggling financially.
“As a result of these efforts, ISIL is struggling to pay its fighters and we have seen a number of ISIL fighters leaving the battlefield as their pay and benefits have been cut and delayed,” he said, using the US’s preferred acronym for Islamic State.
“When we see indications that ISIL cannot pay the salaries of its own fighters and is trying to make up for lost revenue elsewhere, we know we are hitting them where it hurts.... ISIL, like any terrorist organization, needs money to survive,” he said.
In written testimony for a House of Representatives committee hearing on security threats, Glaser said the US government’s focused attack on the financial resources of Islamic State and other groups the US dubs terrorist have had significant impact.