UNSC unanimously adopt resolution to cut-off supply of funds to IS group

The UN Security Council unanimously adopted a resolution to cut off funds for theIslamic State the extremist group, in a firmer move by the international community to fight terrorism.

• The resolution was adopted by the 15-nation UN body at an open meeting chaired by US Treasury Secretary Jacob Lew, whose country holds the rotating council presidency for December.
• The resolution called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing ISISand Al-Qaeda Sanctions List.
• It also called for increased international cooperation in sharing information and closer collaboration with the private sector to identify suspect transactions.