Islamic State buying up Businesses in Iraq

By John Lee.

The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere.

According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals.

It adds that weak institutions and rampant corruption make it hard for Iraq to tackle the problem.

Read the full article from The Economist here.

(Source: The Economist)

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