Egypt Independent

Egypt, US officials discuss limiting IS funding



US Assistant Secretary of the Treasury Daniel Glaser met with senior Egyptian officials in Cairo to discuss the Islamic State's (IS) financial networks and funding sources on Sunday.
 
Glaser met with the Foreign Ministry, the Interior Ministry and CBE officials to consider the development of joint strategies for limiting the organization’s access to the international financial system, as well as how to disrupt its financing in general, according to a statement by the US Embassy in Cairo.
 
“The United States, working closely with regional partners, like Egypt, is taking aggressive steps to isolate this brutal terrorist organization from the international financial system. I have come to Cairo to help leverage Egypt’s counterterrorism strengths and improve our collaboration, in particular against ISIL [IS] affiliates in North Africa,” the statement quoted Glaser.
 
"We discussed future engagements, and we look forward to our continued partnership with Egypt as together we work to destroy ISIL,” Glaser added.
 
Glaser directs the Office of Terrorism and Financial Intelligence, which is responsible for helping to formulate and coordinate counterterrorist financing and anti-money laundering policies and strategies for the US Foreign Department, according to the US Embassy.
 
 
Edited translation from Al-Masry Al-Youm