WASHINGTON (Sputnik) — The Treasury official added that the United States continues to work closely with Turkey, Jordan and other countries in the region to ensure the Daesh loses access to financial networks.
"Iraq, then regional and then global — that's a plan, that's a secret plan [to cut off Daesh financing]. “There is a lot of work to be done, a lot of capacity to be developed,” Glaser told an audience at the Washington Institute for Near East Policy.
He said the US and Iraqi governments have detected Daesh-related transactions involving at least 1,900 financial institutions in recent years.
The Daesh, Glaser said, continues to profit from sales of oil and gas and by taxing residents in land it controls.
"They are going to be making this money until they get pushed off the territory they control," he predicted.