Review of “The Price of Fear: TheTruth Behind the Financial War on Terror” – by Ibrahim Warde

On November 7, 2001, amid much fanfare, the U.S. led a global shutdown of Al-Barakaat, a large Somali remittance company headquartered in Dubai. The first major target in the financial war on terror, the company stood accused of providing $15-25 million annually to Al-Qaeda. U.S. Treasury Secretary Paul O’Neill called Al-Barakaat “the quartermasters of terror”; Bush announced that the strike was predicated on “solid and credible” evidence that the company was “operating ‘at the service of mass murderers.’”  What followed would receive far less attention—at least in the U.S. The case against Al-Barakaat unraveled.  In his book, Ibrahim Warde sets out systematically debunking the axioms, assumptions, and myths that have created the “parallel universe” of the financial war, such as the thoroughly discredited yet persistent myth of Usama Bin Laden’s $300 million personal fortune.

Rebecca S. Hekman, Fletcher MALD 2010, UCLA Law School JD 2010, is focusing her research on judicial training in post-conflict justice system reconstruction, with Afghanistan as a case study. Her concentrations at Fletcher are Law and Development and Southwest Asia and Islamic Civilization.

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