Isis air strikes: Mosul bank hit as coalition targets militants' finances

Video released by group purports to show the destruction from a strike on their northern Iraqi stronghold

Targeting Isis's finances has been a key part of the US-led coalition's strategy to defeat the group
Targeting Isis's finances has been a key part of the US-led coalition's strategy to defeat the group

Isis has published a video purporting to show the destruction from an air strike on a bank in Mosul, which the U.S.-led coalition said had been aimed at disrupting the group's financing activities.

Reuters could not verify the authenticity of the footage posted by a news agency that supports the militant group, but two residents of the terror group's northern Iraqi stronghold confirmed the location of al-Zuhour bank in an eastern district of the city.

Targeting Isis's finances is a key part of the coalition's strategy to defeat the group. Iraq's finance minister last year said the militants had looted nearly half a billion dollars from banks in Mosul and the other northern cities of Tikrit and Baiji after its lightning dash across the Syrian border in 2014.

Papers and burnt furniture littered the concrete and steel rubble of several buildings that appeared to have been destroyed by the bombing, the video showed. Debris hung from dust-covered tree limbs, and rescuers pulled an old man's bloodied body from the remains.

Footage from inside a damaged apartment building suggested civilian areas had also been hit.

A military spokesman said earlier on Monday that a U.S. aircraft had bombed an Isis cash distribution site which was distributing money to fund "terrorist" activities.

CNN, citing unnamed U.S. defence officials, had said the building was destroyed by two 2,000-pound bombs. The officials could not say exactly how much money was there or in what currency, but one described it as "millions," CNN reported.

Isis, which split off from al Qaeda, has also financed its operations through oil smuggling, racketeering, kidnapping and taxing the millions of people living in areas it controls in Syria and Iraq.

Reuters

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in