Posts Tagged ‘cash courier’

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5 men caught smuggling $6m for ISIS

September 24, 2015

The $6 million is only the tip of the iceberg.  According to South African law enforcement, one of the men made the same trip every couple days.  But even if it were only $6 million, that is a big amount of cash to smuggle anywhere.  It’s surprising they could even squeeze that much money into 12 bags they were reportedly carrying.  (Maybe it was vacuum packed?)  No wonder why this report says there was inside help.  From Fox News on Sept. 21 (h/t @AllSourceFusion):

Five men nabbed last month about to board a flight at South Africa’s busiest airport with $6 million stuffed in bags may have made hundreds of such trips — with inside help — as part of a cash pipeline to fund the Islamic State, police sources said Monday.

The suspected couriers were caught at Johannesburg’s main airport, OR Tambo, on Aug. 28, but news the money was headed for the terror network only emerged late Sunday. A senior police officer told Fox News Monday the suspects are believed to have been headed for the ISIS caliphate in Syria and Iraq by way of Dubai, and that one may have made the same trek hundreds of times.

“It is very likely that the money was going to ISIS,” the police officer said. “We are investigating who these five carrying the money were, and there is one … we are particularly interested in, as records show he was flying to Dubai every two days for a year”…

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Cash smuggling update: Saudi Arabia taken at its word

March 9, 2010

Hadn’t you heard?  The Saudi assertion that they have cracked down on bulk cash smuggling is a fact.  Media outlets such as Forbes and Deutsche Welle have credited Saudi Arabia with progress in this area.

But according to a serious report from the Government Accountability Office last fall, the Saudis have never provided actual data on the numbers, for example, of cash seizures by authorities.  Read the rest of this entry ?

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From Kabul’s wallet to Dubai’s pockets

March 8, 2010

The Washington Post has reviewed records of cash declared by outbound travelers from Kabul.  They found that a over a billion dollars a year is flowing out of Afghanistan—mostly into Dubai.  That’s a lot of paper bills.  And much of it is actually in Saudi riyals.  Here’s the first few paragraphs of the article “Afghan cash inundating Dubai confounds watchdogs” as reprinted in the Pittsburgh Post-Gazette on Feb. 26:

KABUL — A blizzard of bank notes is flying out of Afghanistan — often in full view of customs officers at the Kabul airport — as part of a cash exodus that is confounding U.S. officials and raising concerns about the money’s origin.

The cash, estimated to total well over $1 billion a year, flows mostly to the Persian Gulf emirate of Dubai, where many wealthy Afghans now park their families and funds, according to U.S. and Afghan officials. So long as departing cash is declared at the airport here, its transfer is legal.

But at a time when the United States and its allies are spending billions of dollars to prop up the fragile government of President Hamid Karzai, the volume of the outflow has stirred concerns that funds have been diverted from aid. The U.S. Drug Enforcement Administration, for its part, is trying to figure out whether some of the money comes from Afghanistan’s thriving opium trade. And officials in neighboring Pakistan think that at least some of the cash leaving Kabul has been smuggled overland from Pakistan.

“All this money magically appears from nowhere,” said a U.S. official who monitors Afghanistan’s growing role as a hub for cash transfers to Dubai, which has six flights a day to and from Kabul.

Meanwhile, the United States is stepping up efforts to stop money flow in the other direction — into Afghanistan and Pakistan in support of al-Qaida and the Taliban…

Read the full article here.