UN Security Council unanimously adopt resolution to cut-off revenue flows to IS

Finance Ministers from the UN Security Council unanimously adopted resolution to increase sanctions against the Islamic State, IS, group and cut off its revenue flows. The resolution adopted Thursday calls on governments to ensure they have adopted laws that make the financing of IS a serious criminal offence. 

The first-ever meeting of finance



ministers to support a diplomatic push to end the war in Syria was led by US Treasury Secretary Jacob Lew. IS Militants control a large swathe of territory in Syria. Drafted by the United States and Russia, the measure aims at signaling UN's stronger focus on the IS. Countries have to report within 120 days on steps taken to target IS financing.