UK MPs urge Saudi to stop Daesh funding by royal families

A British parliamentary committee says Saudi Arabia and other Arab states must prevent their rich ruling families from funding the Daesh terrorist group.

In a report on the state of Daesh finances, lawmakers from the Foreign Affairs Select Committee say the terror organization is enjoying financial support from wealthy Arab families.

The report also says Daesh funding has dwindled because of the collapse in oil prices as well as airstrikes targeting its financial sources. The group is therefore resorting to “gangsterism and protection rackets” to fund its operations

The committee further urges Riyadh to enforce laws the interior ministry passed last year to make it illegal for Saudi residents to provide financial support for Daesh.