Word: binning
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...made halting efforts to grab bin Laden's funds. The Clinton Administration issued an Executive Order targeting them in 1998 and froze the assets of Afghanistan's Ariana Airlines, which allegedly transported bin Laden's forces and equipment. But it never got bin Laden's money...
...Qaeda, bin Laden's global terrorist network, functions much like the fast-food franchises his followers hate. Bin Laden creates the service and brand, but the cells largely fund their activities. To keep costs down, al-Qaeda foot soldiers make money through jobs or engaging in petty crime. When Mohamed Atta, believed to have been one of the hijackers, was in Hamburg, German prosecutors say, he eked out a living selling used cars. Many of the suspects lived in run-down neighborhoods and cheap hotels. In all, experts say, the Sept. 11 attacks probably cost the hijackers only about...
...Bin Laden can afford far more than that. The son of a billionaire Saudi construction magnate, he has an estimated net worth of hundreds of millions of dollars, including real estate in Paris, London and the Cote d'Azur, and as much as $150 million in stock. He runs a portfolio of legitimate businesses across North Africa and the Middle East. Companies in sectors ranging from shipping to agriculture to investment banking throw off profits while also providing cover for al-Qaeda's movement of soldiers and procurement of weapons and chemicals. Jamal Ahmed al-Fadl, a 10-year bin...
...investigators say charity, not bin Laden's fortune, is al-Qaeda's main bankroll. Millions flow in from wealthy donors in oil-producing countries, either out of dedication to his cause or as protection money. Islamic charities take in billions a year; much of it is used for good, but not all. "Behind one charity, business or Islamic group is another," says French terrorism expert Roland Jacquard. "The result is that some of these millions are handed over to Islamic fighters and terrorists...
...Some of bin Laden's money is in mainstream institutions--the Saudis froze his assets after the 1998 U.S. embassy bombings in Africa, though he may have money in Switzerland, England and numerous other countries--but al-Qaeda also makes heavy use of hawala, an informal Islamic banking network that has operated for generations in Asia and the Middle East. Hawala, Hindi for "in trust," links brokers around the world who advance funds to depositors on a handshake and, sometimes, a password. In remote areas, a broker may have little more than a rug and a phone. In larger cities...