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Profile: Illicit Transactions Group (ITG)

Illicit Transactions Group (ITG) was a participant or observer in the following events:

In late 1998, a new US interagency task force is created to track bin Laden’s finances (see Late 1998). The task force asks for help from the CIA’s Illicit Transactions Group (ITG), a little known entity keeping track of criminals, militants, and money launderers. The task force and ITG scour US intelligence data on al-Qaeda’s finances and soon discover that the assumption that al-Qaeda gets most of its funds from bin Laden’s huge personal fortune and numerous businesses is wrong. While he does have a fortune, according to William Wechsler, the task force director, al-Qaeda is “a constant fundraising machine.” The evidence is indisputable that most of the money is coming from Saudi Arabia. [US News and World Report, 12/15/2003] However, what little pressure the US will put on Saudi Arabia before 9/11 to stop the funding of al-Qaeda will have no effect (see August 20, 1998-1999 and June 1999).

Entity Tags: Central Intelligence Agency, Al-Qaeda, Osama bin Laden, William Wechsler, Illicit Transactions Group

Timeline Tags: Complete 911 Timeline

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