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Somalia: Ransom money laundered by pirates affects stability in the Horn of Africa, says UNODC chief

Source:

UN Office on Drugs and Crime
Country:

Somalia, Djibouti, Ethiopia, Kenya

22 February 2012 - In 2011, pirates made some $170 million in ransom money for hijacked vessels and their crews. That figure represents an increase since 2010, when ransoms paid amounted to over $110 million, according to UNODC.

Ransom money is increasingly flowing into the legal[...]

[Published in AidNews - Read the original article]