Author: Global Witness
Title: For a Few Dollars More: How al Qaeda Moved Into the Diamond Trade
Summary: This report examines whether the terrorist group, al Qaeda, has used, and is continuing to use, rough diamonds. The report presents evidence that confirms that al Qaeda have been involved in the rough diamond trade since the 1990s. First in Kenya and Tanzania and then in Sierra Leone and Liberia, where they began to show an interest in diamond trading in 1998, following the crackdown on their financial activities in the wake of the U.S. embassy bombings in Kenya and Tanzania. The report argues that there are several reasons why al Qaeda has used rough diamonds: 1) As a means of raising funds for al Qaeda cells; 2) To hide money targeted by financial sanctions; 3) To launder the profits of criminal activity; and 4) To convert cash into a commodity that holds its value and is easily transportable.
Details: London: Global Witness, 2003. 95p.
Source: Internet Resource
Year: 2003
Country: International
URL:
Shelf Number: 118825
Keywords:
al QaedaDiamonds, TradeMoney LaunderingTerrorismTerrorist FinancingTransnational Crime |
