The Associated Press reports that ISIS militants are amassing millions upon millions of dollars each month from "wealthy donors, extortion rackets, and other criminal activities." The group has taken in at least $20 million in ransom payments this year from kidnappings, and earns "about $1 million a day from black market oil sales alone."
David Cohen, the Treasury Department's undersecretary for terrorism and financial intelligence, said, "With the important exception of some state-sponsored terrorist organizations, [ISIS] is probably the best-funded terrorist organization we have confronted. It has amassed wealth at an unprecedented pace."
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