FRENCH ARREST 29 IN CRYPTOCURRENCY SCHEME TO FINANCE JIHADIS

On 29 September, AP reported that French police arrested 29 people around the country in an operation to break a complex scheme used to finance Islamist extremists in Syria through the use of cryptocurrencies.  It says that search warrants have been issued for 2 25-year-olds thought to be the ringleaders and were both convicted in France in 2016 and sentenced in absentia to 10-year prison terms.  The 29 people detained for questioning are mostly suspected of injecting funds into the network, but 2 of them are thought to have had key roles in the cyber-financing system, providing logistical aid to keep it working.  Hundreds of thousands of euros are thought to have been supplied via the network, benefiting members of al-Qaida still hiding out in northwest Syria, but also jihadis of the Islamic State group.

https://apnews.com/article/arrests-terrorism-archive-france-701371a367d1ae26ff057d6e3d082458

I had left off this link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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