On December 17, 2015, the United Nations Security Council passed a resolution [3] imposing sanctions on ISIL. The sanctions include an asset freeze, travel ban, and arms embargo, as well as criteria to determine what “acts or activities indicat[e] that an individual, group, undertaking or entity is associated with ISIL or Al-Qaida” and should thus be included on the sanctions list. The Council addressed the “insufficient level of reporting” by member states, expressed concern about the “lack of implementation” of previous counter-terrorism measures, and reiterated the member state’s obligation to ensure “that their nationals and persons within their territory do not make available any funds, financial assets or economic resources for ISIL’s benefit.” According to the press release [4], the Secretary-General said “Da’esh ran a multimillion-dollar economy in territories under its control, and raised money through oil trade, extortion, cash couriers, kidnapping, trafficking of humans and arms and racketeering.” The President of the Financial Action Task Force pointed out that because ISIL operated as a state it required more funds than other terrorist organizations, and stressed that “[m]oney is its biggest vulnerability.” He added that the Task Force had devised a “global framework [5] of standards to combat terrorist financing,” referenced in the resolution, which “[s]trongly urges all Member States to implement the comprehensive international standards embodied in [it].”