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Headway on the al-Qaeda Moneytrail


(Christian Science Monitor) Faya Bowers - Although al-Qaeda remains a formidable foe, those working to cut off its cash flow point to significant progress. Experts including a top Treasury official say terror financing is "the mother of intent" for terrorist activity. They claim al-Qaeda's cash flow has been reduced by two-thirds; $136.7 million in alleged terrorist funds, including $36.6 million in the U.S., have been frozen, in some 1,440 accounts; and 80 countries have created intelligence units to share information on terrorist financing. Three American charities - the Global Relief Foundation, Benevolence International Foundation, and Holy Land Foundation for Relief and Development - were shuttered for alleged sponsorship of al-Qaeda.
2003-10-13 00:00:00
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