The reward for Ezedin Abdel Aziz Khalil marks the first time that a "terrorist financier" has been targeted in such a way, said Robert Hartung, assistant director for threat investigations with the State Department.
According to US officials, the man also known as Yacine al-Suri was born in Syria in 1982.
He was put on a US Treasury Department blacklist in July when he was described as a high-level al Qaeda figure operating out of Iran. His role, according to US officials, was to transfer funds and to recruit militants from the Middle East who transited via Iran to al Qaeda in Pakistan.
The $10 million was posted as part of the program "Rewards for Justice," set up in the 1980s, with the aim of hunting down suspects wanted for terror acts against the United States.
The current head of al Qaeda, Ayman al-Zawahiri, has the highest bounty on his head of $25 million.
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That bounty is almost 2.5 times of what China offered the entire country of Pakistan as aid for flood relief.
Time for pakistan to earn some money
Now Iran? Enough of this Al Qaeda game, it has reached the point of complete absurdity. Iraq's WMDS are still missing!