HOW TERRORISTS USE CRYPTOCURRENCY IN SE ASIA

On 30 June, The Diplomat carried an article claiming that the first transactions involving cryptocurrencies have been made recently by Islamic State-linked terrorist networks in the Philippines. It is reported that a terrorist-linked money laundering operation involving cryptocurrencies generated funds, which were then allegedly used to finance the activities of terror networks operating in the conflict-ridden Mindanao region in the southern Philippines. In the light of this news, the article explores the propensity for SE Asian militants to adopt cryptocurrency for fund raising, fund moving, and fund using for terrorist purposes.

https://thediplomat.com/2020/06/how-terrorists-use-cryptocurrency-in-southeast-asia/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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