October, 01 2017
The life-blood of an effective terrorist network is financing and shell companies facilitate the easy distribution of money. The Islamic State, popularly referred to as ISIS makes $1 million to $2 million a day in oil production, it has obtained over $100 million in ransoms from kidnapping and collects ‘taxes’ from the 6 million people it has gained control over.
Al-Qaeda’s worldwide operations require $30-50 million per year. The September 11 attacks, for example, cost approximately $500,000. But not every terrorist attack requires large sums of money. The London transit bombings cost a mere $15,000 and the Paris bombings cost about $10,000 or less. Regardless of the size of the operation, funding a terrorism enterprise is easily done under the cover of shell companies. In contrast, the United States has spent (as of 2014) over $1.6 trillion since September 11, 2001 on its major military operations abroad and $9 million a day just on fighting ISIS.