PARIS - French authorities have
identified 416 people who gave money to the
Islamic State (IS) group, France's top
anti-terror prosecutor said Thursday, as
dozens of ministers met to discuss how to
cut off funds for extremists.
Francois Molins said that French security
services had identified 416 French donors to
IS and had also detected 320 fundraisers
mainly based in Turkey and Libya who
transferred the money to the jihadists.
A two-day conference on combating the
financing of terror groups began Wednesday
at the Organization for Economic Cooperation
and Development (OECD) bringing together
around 80 ministers and 500 experts.
French President Emmanuel Macron will close
the event with a speech later Thursday.
Attacks on Western targets have become
increasingly low-cost since the 9/11
atrocities in the United States in 2001,
particularly in recent years when followers
of Islamic State (IS) have often used only
vehicles or automatic weapons to kill
But Molins estimated that attacks in France
in January 2015 targeting the Charlie Hebdo
magazine and a Jewish supermarket would have
cost 25,000 euros ($30,000).
More deadly assaults by teams of IS
jihadists in Paris in November of that year,
including against the Bataclan concert hall,
would have cost an estimated 80,000 euros,
A French presidential official briefing
journalists ahead of the terror funding
conference this week said that IS income was
estimated at about one billion dollars (820
million euros) a year between 2014-2016.
Most of this was from local taxation, oil
revenues and looting, with far smaller
amounts flowing in from overseas donors.
French officials are concerned that the
money has been transferred out of Syria and
Iraq and could be used to rebuild the
"It has been moved since, at least in part.
It's probably somewhere," the official said
on condition of anonymity. "These groups are
very skilful in using sophisticated
techniques to move financial resources