ISIL gets rich in attack on cities in Iraq

Global Business

The Sunni-led group that’s swept through Iraq in recent months has amassed a fortune.
Intelligence experts think it may be as much as 2 billion dollars.
Last month, it’s claimed ISIL fighters looted half a billion dollars from banks in the northern city of Mosul, though this hasn’t been independently confirmed.
CCTV’s Tony Cheng reports on how ISIL financing itself.

ISIL gets rich in attack on cities in Iraq

The Sunni-led group that's swept through Iraq in recent months has amassed a fortune. Intelligence experts think it may be as much as 2 billion dollars. Last month, it's claimed ISIL fighters looted half a billion dollars from banks in the northern city of Mosul, though this hasn't been independently confirmed. CCTV's Tony Cheng reports on how ISIL financing itself.

For more on this issue, CCTV interviews Thomas Sanderson, co-director and senior fellow in the Centre for Strategic and International Studies Transnational Threats Project.

Thomas Sanderson on the funding of ISIL

For more on this issue, CCTV interviews Thomas Sanderson, co-director and senior fellow in the Centre for Strategic and International Studies Transnational Threats Project.