WASHINGTON — The U.S. military says it killed a key moneyman for the Islamic State group.

A statement by the U.S.-led military coalition fighting IS said Fawaz Muhammad Jubayr al-Rawi was killed in an airstrike June 16 in the city of Abu Kamal near the Iraqi border.

The statement said al-Rawi owned a currency exchange in Abu Kamal that he used — along with a global network of financial contacts — to move millions of dollars into and out of IS-controlled territory and across borders on behalf of the group.

In December 2016, the U.S. Treasury Department imposed sanctions on al-Rawi and his company.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.