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Islamic State relies on money transfers from sympathizers in Turkey, Iraq: Report

Almost two years since its territorial defeat, the terror group still has access to $100 million in cash reserves, according to the US government.

The Islamic State terror group was largely crushed by coordinated international effort in 2019, but its networks appear to still have access to an estimated $100 million in cash reserves stashed across the Middle East, the US Treasury Department said.

IS’ monetary reserves are at a historic low since it took over swaths of Iraq and Syria in 2014, having since lost all of its tax- and oil-producing territory.

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