U.S.: Al-Qaeda "Faces Funding Crisis"

[BBC News] Al-Qaeda is in its worst financial state for many years and has made several appeals for funds already this year, according to senior U.S. Treasury official David Cohen. "We assess that al-Qaeda is in its weakest financial condition in several years and that, as a result, its influence is waning," Cohen said in Washington. He also noted a trend in militant organizations turning to criminal activities to finance themselves. Hizbullah, he alleged, is involved in making and selling illegal copies of music and computer software, as well as cigarette smuggling.

2009-10-15 06:00:00

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