This blog …

... supports Professor William Snyder's sections of National Security Law, Counterterrorism Law, and Prosecuting Terrorists at the Syracuse University College of Law.

AQIM kidnap-for-ransom practice: A worrisome challenge to the war against terrorism financing

Sep 28th, 2010 Inteligence

A recent post on the Terror Finance Blog, entitled "AQIM kidnap-for-ransom practice: A worrisome challenge to the war against terrorism financing," discusses an alternative method for terrorism financing, kidnapping-for-ransom. The recent abduction of five french nationals in Al Qaeda's Islamic Maghreb terrorist group (AQIM) furthers the growing trend of terrorist groups sustaining themselves through ransoms they extort and drug trafficking.

The blog post notes,

"Since 2008, AQIM raised more than $25 million from ransom for foreign nationals in the Sahel region. This makes AQIM richer than "Al Qaeda Central," whose annual income was recently estimated by U.S. officials to be between $5 million to $10 million."

The criminalization of the payment of ransoms has moved to the forefront in the international fight against terrorism financing. For the full text of the article, click here


Share this article:

Tags: , ,

Leave a Reply

You must be logged in to post a comment.

Categories