CNBC-The militant group that calls itself Islamic State (ISIS) is exploiting national banking operations in Iraq and could be making up to $25 million a month in Middle Eastern money markets, according to experts.
Speaking to a U.K. parliamentary subcommittee set up to examine how Britain could help disrupt ISIS financing, experts told the panel that as well as making money from oil smuggling, taxation and extortion, ISIS was exploiting loopholes in existing financial operations in the Middle East to make millions.
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