US Official: Al-Qaida Groups Gaining Strength With Ransom Cash

Friday, 05 Oct 2012 04:34 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Terrorist groups in Mali and Yemen that are affiliated with al-Qaida are “gaining strength,” in large part by taking hostages for ransom, a senior U.S. Treasury official said today.

“The U.S. government estimates that terrorist organizations have collected approximately $120 million in ransom payments over the past eight years,” said David Cohen, the Treasury Department’s undersecretary for terrorism and financial intelligence, in a speech to the Royal Institute of International Affairs at Chatham House in London.

U.S. intelligence officials are investigating whether the two main groups Cohen cited, al-Qaida in the Islamic Maghreb and al-Qaida in the Arabian Peninsula, may have played a role in the Sept. 11 attack on a U.S. diplomatic post in Benghazi, Libya, that killed Chris Stevens, the American ambassador to Libya, and three other Americans.

“Al-Qaida’s core is not in the position to provide generous funding to its affiliates, such as al-Qaida in the Lands of the Islamic Maghreb, ‘AQIM,’ operating in the Sahel, and al-Qaida in the Arabian Peninsula, ‘AQAP,’ operating primarily in Yemen,” Cohen said. “Instead, these al-Qaida offshoots are self-sufficient, raising their own funds and themselves providing support to the next generation of violent groups.”

“AQIM, the al-Qaida affiliate that has likely profited most from kidnapping for ransom, has collected tens of millions of dollars through KFR operations since 2008,” he said. “It raised significant funds from kidnapping for ransom operations in early 2012, and was holding nine hostages as of the middle of last month.”

Al-Qaida in the Islamic Maghreb, he said, is using ransom money to expand its reach and influence, and as of earlier this year was expected to provide hundreds of thousands of dollars to other extremist groups in Africa.

Cohen said the two, as well as other terrorist groups in the Philippines, Pakistan and elsewhere use ransom money to help finance all their activities, “including recruiting and indoctrinating new members, paying salaries, establishing training camps, acquiring weapons and communications gear, staging deadly attacks,” and “helping to support the next generation of violent extremist groups.”

“What’s worse,” he added, “the size of the average ransom payment is increasing. In 2010, the average ransom payment per hostage to AQIM was $4.5 million; in 2011, that figure was $5.4 million.

“It is therefore not surprising that the size of ransom demands appears to be increasing, too, with AQIM reportedly demanding £70 million ($113.3 million) for the release of four French citizens taken hostage in Niger in September 2010,” he said.

Terrorist groups distinguish between nations that pay ransom and those such as the U.K. and the U.S. that don’t, Cohen said. “Recent kidnapping for ransom trends appear to indicate that hostage takers prefer not to take U.S. or U.K. hostages -- almost certainly because they understand that they will not receive ransoms,” and because they fear a military response if they do, he said.

“Indeed, our information reveals that in 2011, AQIM was planning to target mainly Europeans, not Americans, for kidnapping operations because AQIM believed that some European governments would pay ransoms while the U.S. government would not,” Cohen said.

A second U.S. official, who spoke on condition of anonymity to discuss a sensitive issue, said French and German citizens and companies are two of the prime targets for kidnappers.

The groups’ tactics, Cohen said, are expanding to include demands that companies pay protection money, which the second official said is already a routine practice in countries such as Pakistan, Afghanistan and Mexico.

“One al-Qaida affiliate was planning to extort substantial annual payments, amounting to millions of euros a year, from a European-based company, in exchange for a promise not to target that company’s interests in Africa,” Cohen said.

He said the U.S. and other governments are cooperating in efforts to combat terrorist financing, and more than 160 countries, including all members of the European Union, are obligated to cooperate against hostage-taking under the 1979 International Convention against the Taking of Hostages.

Companies that do business in risky areas can assist in efforts to combat hostage-taking, he said.

Shipping industry organizations and navies from around the world, he said, have collaborated to produce a set of “Best Management Practices” to help prevent hijackings off Somalia. He cited a 2009 Chatham House paper which found that ships that have implemented practices such as tracking and avoiding pirate skiffs, increasing speed near suspicious vessels, and equipping themselves with razor wire or high-pressure sprays to prevent unauthorized boarding may be four times less likely to be hijacked than those that haven’t.

“More generally, Cohen said, “international organizations, corporations, and non-profits should train their employees to spot and evade danger, and insurance companies should continue to work with their clients to identify new avenues for mitigating risk.”

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US NOAA: Last Month Was Hottest August Since 1880

Thursday, 18 Sep 2014 12:03 PM

Last month was the hottest August on record for global average temperatures over land and ocean surfaces, the US Nationa . . .

Senate Next After House Backs Obama on ISIS War

Thursday, 18 Sep 2014 11:55 AM

President Barack Obama's request for congressional backing to train and arm Syrian rebels battling Islamic State group m . . .

Tom DeLay: Americans' Rejecting Obama's Marxist Progressivism

Thursday, 18 Sep 2014 11:12 AM

President Barack Obama is a textbook Marxist who is trying to steer the country in that direction, but the American peop . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved