PARIS – Daesh terrorist group could be in possession of billions of eurosinvested in legitimate businesses in different countries, French mediareported Wednesday.

The representatives of more than 70 countries gathered in the Frenchcapital to discuss the struggle against financing of terrorism in the wingsof a a two-day “No money for terror” international conference, whichstarted Wednesday.

According to the Europe 1 radio broadcaster, the Daesh leadership couldpossess about 3 billion euros (over $3.6 billion) due to exploitationof formerly occupied territories of Iraq and Syria, as well as throughdifferent fines imposed on the terrorist organization members. Theaccumulated funds had been invested in fishing farms in Iraq, as well as inother projects in Turkey and the Middle East.

In recent years, Daesh has seized large swathes of land in the Middle East,primarily from Iraq and Syria, and declared a caliphate. As of today, theterrorists have been driven from the vast majority of settlements andterritories occupied by them. During the occupation of the Middle Easternterritories, Daesh established control over larges shares of local cereal,cotton and oil production.