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
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out