'Senior Intelligence Officials': Iraq insurgency providing major funding to al-Qaeda command in Pakistan

WASHINGTON — A major CIA effort launched last year to hunt down Osama bin Laden has produced no significant leads on his whereabouts, but has helped track an alarming increase in the movement of Al Qaeda operatives and money into Pakistan's tribal territories, according to senior U.S. intelligence officials familiar with the operation.

In one of the most troubling trends, U.S. officials said that Al Qaeda's command base in Pakistan is increasingly being funded by cash coming out of Iraq, where the terrorist network's operatives are raising substantial sums from donations to the anti-American insurgency as well as kidnappings of wealthy Iraqis and other criminal activity...

Little more than a year ago, Al Qaeda's core command was thought to be in a financial crunch. But U.S. officials said cash shipped from Iraq has eased those troubles.

"Iraq is a big moneymaker for them," said a senior U.S. counter-terrorism official.

Read the rest at the LA Times

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