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The outfit has parked its funds in commodities like gold, diamonds and other precious stones such as tanzanite and sapphires, American and international officials were quoted as saying by the Washington Post on Tuesday.
"It was a paradigm shift in the financial organisation that we missed," said a European financial investigator. "Everyone was trying to find bank accounts in Geneva when Al Qaeda was greatly reducing their exposure in the formal financial sector. Now we are finding tentacles into all kinds of precious stones and metals," he said.
Such commodities are small and easy to store and transport and they hold their value over time. They can also be released in small quantities in the market without arousing attention.
PTI
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