The Glasshouse Report

Thursday, December 7, 2017

Al Qaeda's arm in north Africa has made 100 million dollars via ransom, drug trade


By CNBC, Dec. 06, 2017

An affiliate of al-Qaeda that has executed several attacks across Africa — and is considered the organization's wealthiest branch — is sitting on millions of dollars in ill-gotten gains that help fund its deadly activities across the region, a new report said.

According to a new analysis by the Foundation for Defense of Democracies' Center on Sanctions and Illicit Finance, al-Qaeda in the Islamic Maghreb (AQIM) has reaped about $100 million through a combination of ransom, drug smuggling, taxes on locals and donations from other countries.


Read More: https://www.cnbc.com

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