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Terrorist financing: Suspected cryptocurrencies

27/10/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex Companies

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The cryptocurrency sector is now regulated much more loosely than traditional finance. This, according to the FATF, constitutes a haven for terrorist financial transactions

.

The Financial Action Task Force (FATF), the global body responsible for combating money laundering and terrorist financing, said this year that cryptocurrencies present” increasing risks” in the financing of terrorism. Indeed, in a desire to cut off all sources of income in Hamas , Israel last week ordered the freezing of crypto accounts suspected of belonging to members of the Islamist group, since the issue of the sector's weight in the financing of this form of crime arises.

La sénatrice Elizabeth Warren a évoqué les 130 millions de dollars de cryptomonnaies reçus par le Hamas and Islamic Jihad in recent years (based on a report from the “Wall Street Journal”), and urges the government to crack down on the

phenomenon in a letter recently signed by 100 US senators.
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