Britain warns world must unite to 'choke off' ISIS funding
Britain has warned that the world must unite to "choke off" funding to the Islamic State of Iraq and Syria (ISIS) as the terrorist organisation earns millions everyday from its operations.
According to The Daily Star, Chancellor George Osborne and Foreign Secretary Philip Hammond said it was essential to cut off ISIS jihadis from the international financial system.
They said, ahead of a meeting of United Nations Security Council finance ministers in New York to discuss action against IS, weaknesses in ISIS' funding network must be exploited.
Osborne and Hammond warned the seizure of territory in eastern Syria and northern Iraq had given ISIS control of oilfields, providing them with an income of more than one million pound a day.