Al Qaeda in the Islamic Maghreb Earnings from Ransom

in Business Risk, Transnational Crime

According to the United States Treasury Department, the average kidnap for ransom payment to Al Qaeda in the Islamic Maghreb (AQIM) was $4.5 Million per hostage in 2010.

In 2011, the average amount of ransom paid increased to $5.4 Million per hostage.

Al Qaeda in the Islamic Maghreb is based in Mali and operates throughout Northern Africa.

Source: Adam Nossiter, “Millions in Ransoms Fuel Militants’ Clout in West Africa,” New York Times, December 12, 2012.

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