September 17, 2014 | Quote
Senators Seek to Choke Off IS Funds
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IS, formerly known as the Islamic State of Iraq and the Levant (ISIL) or the Islamic State of Iraq and Syria (ISIS), is an offshoot of al-Qaida in Iraq (AQI) which was led by the late Jordanian militant Islamist, Abu Musab al-Zarqawi. The group’s extreme viciousness led al-Qaida to cut ties with IS, and, according to expert Thomas Joscelyn, senior fellow at the Washington D.C.-based think tank Foundation for Defense of Democracies (FDD), most of al-Qaida’s deep-pocketed, Gulf-based terrorism financiers remained with the parent organization, forcing IS to adopt unorthodox revenue methods.
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