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ISIS took $1 billion in cash from banks when it seized Mosul, US official bares

The Islamic State raked as much as $1 billion in cash when it took control of Mosul, Iraq's second largest city, in 2014, a top Obama administration official disclosed. The Islamic extremists took the amount when they seized the reserves of more than 90 banks in Mosul in northern Iraq, Daniel Glaser, the US Treasury's […]

Monica Cantilero writes for Christian Today:

The Islamic State raked as much as $1 billion in cash when it took control of Mosul, Iraq's second largest city, in 2014, a top Obama administration official disclosed.

The Islamic extremists took the amount when they seized the reserves of more than 90 banks in Mosul in northern Iraq, Daniel Glaser, the US Treasury's assistant secretary for terror financing, told the Aspen Security Forum last week, Fox News wrote. Mosul has been under ISIS control since June last year and is said to be the group's main stronghold in the Middle East.