Al Qaeda Profits from Kidnapping

Islamist Militants are believed to have earned $120 Million between 2002 and 2012, according to a United States Treasury Official.

The Al Qaeda in the Islamic Maghreb (AQIM), based in Algeria,  is estimated to have made tens of millions of dollars in ransom payments.

The average ransom payment made towards Islamist Militants from their kidnapping activities was around $5 Million.

(More kidnap and ransom security threats.)

Source:  Noah Barkin, “Al Qaeda in North Africa making millions kidnapping: U.S.,” Reuters, October 2, 2012.