How terrorists raise money to hit targets

What you need to know:

  • According to the report, ADF also runs real estate, car bonds and transport businesses in Kenya.
  • Uganda has a legal framework, which was recently enhanced by the enactment of Anti-Terrorism Regulations.

Kampala. Terrorists are using a string of local businesses across the East African countries from which they reap millions of dollars they use to finance their terror missions in the region, according to findings in the Financial Intelligence Authority report.
These findings are contained in the report on National Risk Assessment of money laundering and terrorism financing in Uganda. The report says the terrorist deal in both lawful and prohibited businesses.
The report says the main funding sources include extortion, misuse of non-profit organisations (NPOs), engaging in natural resources/wild life crimes, ransoms, piracy, illegal trade in sugar, fuel, charcoal, human and wildlife trafficking.


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