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Keyword: gemsmuggling

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  • Illicit Diamond Trade Used by Hizballah and Others

    08/04/2006 4:51:46 PM PDT · by Diana in Wisconsin · 6 replies · 821+ views
    CNSNews ^ | August 4, 2006 | Stephen Mbogo
    Nairobi, Kenya (CNSNews.com) - The international community should speed up efforts to prevent terrorist groups from using the proceeds from illicit diamond trade to finance their activities and launder their funds, campaigners say. A Nairobi-based African affairs analyst, Adan Mohamed, said it was "very likely" that groups like Hizballah still use the trade to raise additional revenue. "Nothing much has happened in putting mechanisms in place to prevent diamond trade from being used to clean dirty cash or finance conflicts," he said.Investigations by researchers, human rights groups, the United Nations and media organizations have revealed how Hizballah exploited weakness in...