David Cohen, undersecretary for terrorism and financial intelligence and who also leads the Treasury Department’s efforts to undermine the Islamic State’s finances, said that the “Islamic State” (ISIS) is amassing close to $1 million per day alone via their illicit oil deals, according to a report by Fox News.
In addition, according to Cohen, kidnappings and ransom payments have provided at least $20 million for the terror group thus far this year. Cohen added that the ISIS’s extortion schemes, in addition to their other criminal activities, is providing several million dollar a month to their coffers.