The United Nations Security Council has passed a resolution... to stem the flow of money into terrorist organizations around the world.
With more, we turn to Paul Yi at the News Center.
Paul, militant groups such as Islamic State have a major network of financial support to fuel acts of terrorism.
We saw earlier reports of IS setting up a bank... and even its own currency in Iraq.
What does the UN hope to accomplish with this resolution?
The resolution, which was led by Russia,... is seeking an effective way of choking off illegal earnings.
That means addressing revenue streams from three sources: black market oil,... Syrian antiquities... and ransoms paid for hostages.
All of the council′s 15 member states voted unanimously to adopt the resolution... that targets both the extremist group calling itself Islamic State... and Syria′s al-Nusra Front.
The council warned... any nation caught doing business with these terrorist groups would face a wide range of sanctions.
"We believe this is the type of case which clearly shows the need for the use of collective efforts to resolve issues we are facing. Having adopted Resolution 2199, we took yet another very important step in suppressing the funding of terrorists first and foremost as a result of the illegal trafficking of oil."
A November report estimated that I-S makes roughly one-million-dollars a day... from selling stolen oil,... though U.S. officials believe that figure has fallen significantly.
The U-N resolution also urged countries to choose not to pay ransoms,... as the world body estimates the militant group raises more than 100-thousand U.S. dollars per day from such payments.
