Security Council Targets ISIL Financing

Security Council approves resolution targeting sources of financing for ISIL

Urging global cooperation “to impair, isolate and incapacitate” terrorist threats, the United Nations Security Council today approved measures targeting sources of funding for the Islamic State of Iraq and the Levant (ISIL) and Al-Nusrah Front (ANF), condemning those buying oil from the groups, banning all trade in looted antiquities from Iraq and Syria, and calling on States to end ransom payments.

Unanimously adopting a Russian-led resolution, the Council reiterated its deep concern that oilfields, as well as other infrastructure such as dams and power plants, controlled by ISIL, ANF and other Al-Qaida-associated groups, “are generating a significant portion of the groups’ income, alongside extortion, private foreign donations, kidnap ransoms and stolen money from the territory they control.”

As such, the Council, acting under Chapter VII of the UN Charter – which authorizes the use of force – condemned any engagement in direct or indirect trade, in particular of oil and oil products, and modular refineries, with ISIL, ANF and Al-Qaida affiliates, and reiterated that “such engagement would constitute support for such individuals, groups, undertakings and entities and may lead to further listings” by the relevant Sanctions Committee.

Today’s resolution, which bolsters the Council’s previous measures to cut off financing for ISIL and its affiliates, reaffirms the existing obligations of Member States to “freeze without delay” funds and other financial assets or economic resources of persons who commit, or attempt to commit, terrorist acts.

Coming in the wake of a spate of particularly vicious killings, including the beheading of a Japanese journalist and the immolation of a Jordanian pilot by ISIL in the past two weeks, the Council’s resolution reaffirms its condemnation of kidnapping and hostage-taking committed by the groups, further strongly condemns abduction of women and children, and expresses “outrage at their exploitation and abuse, including rape, sexual abuse, forced marriage.”

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