TERRORISM:: Financial lifelines of terrorist groups targeted by U.S. teams | WashEx

By at April 17, 2012 | 8:49 am | Print

TERRORISM:: Financial lifelines of terrorist groups targeted by U.S. teams | WashEx

By Sara A. Carter, April 17, 2012, Washington Examiner

As the U.S. is planning its exit from Afghanistan, a group of trained financial experts is focusing on busting up the terrorist organizations and corrupt officials who have ripped off American taxpayers for billions of dollars. The goal is ambitious: not simply to recover money for the U.S. Treasury, but to cripple terrorist and insurgent groups by cutting off the cash that serves as the life blood of their operations.

Experts believe somewhere between $30 and $60 billion was lost through fraud or mismanagement during the Iraq and Afghanistan wars. Some of it ended up in the hands of America’s sworn enemies. An investigation last year by the Commission on Wartime Contracting — a bipartisan legislative panel established to investigate contracting fraud in Afghanistan and Iraq — found that $360 million in rebuilding contracts for Afghanistan ended up in the hands of the Taliban and other criminal organizations.

Much of the money lost in war zones is gone forever, of course, but billions of dollars might be traced to bank accounts that can be frozen, and eventually returned to the U.S. government, according to some of those involved in the mission.

via Financial lifelines of terrorist groups targeted by U.S. teams | Washington Examiner.

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