Washington Post: al Qaeda Moving Assets to Gold and Gems

The al Qaeda terrorist organization has transferred its money out of banks and into "untraceable commodities, including gold and diamonds," according to a June 18 report in the Washington Post. The story by Post staff writers Karen DeYoung and Douglas Farah alleges that al Qaeda began to move its money out of banks and into gold and "precious stones such as diamonds, tanzanite, and sapphires," before Sept. 11. The article cites "U.S. and international officials" as sources. This shift, which may have begun in 1998 after al Qaeda attacked two U.S. embassies in Africa, is making it more difficult to track the organization's finances and freeze its assets, according to the Post article. During an interview on National Public Radio's All Things Considered, Farah explained al Qaeda's strategy: "They decided to limit their exposure in the formal financial sector as much as they could, an

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