Al-Qaeda Is Getting Europe To Fund Terrorism Through Ransom Payments

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Al-Qaeda is increasingly funding terror operations thanks to at least $125 million in ransom paid since 2008, largely by European governments to free western hostages, the New York Times reported. The payments totalled $66 million in 2013 alone, according to an investigation by the newspaper published Tuesday. While Al-Qaeda’s network was first funded by wealthy donors, “kidnapping for ransom has become today’s most significant source of terrorist financing,” said David S. Cohen, the Treasury Department’s under secretary for terrorism and financial intelligence, in a 2012 speech. “Each transaction encourages another transaction.” The organization has openly acknowledged the…

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Al-Qaeda Is Getting Europe To Fund Terrorism Through Ransom Payments

admin

Al-Qaeda is increasingly funding terror operations thanks to at least $125 million in ransom paid since 2008, largely by European governments to free western hostages, the New York Times reported. The payments totalled $66 million in 2013 alone, according to an investigation by the newspaper published Tuesday. While Al-Qaeda’s network was first funded by wealthy donors, “kidnapping for ransom has become today’s most significant source of terrorist financing,” said David S. Cohen, the Treasury Department’s under secretary for terrorism and financial intelligence, in a 2012 speech. “Each transaction encourages another transaction.” The organization has openly acknowledged the…

Next Post

Jacques Kallis Reitres From All Formats of Cricket - NDTVSports.com

ESPN.co.ukJacques Kallis Reitres From All Formats of CricketNDTVSports.comHe had previously retired from Test cricket after the series against India in December 2013. Kallis - rated as one of the biggest stars of contemporary international cricket - pl...