Islamic State – DIGIT INFO

Report: Terror Groups Using South African Financial System to Move Funds

DIGIT — Thu, 28 Jul 2022 09:46:27 +0000

Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africa’s financial system to channel funds to the group’s affiliates and networks in Africa. The United States government has so far sanctioned four South Africa-based individuals it accused of facilitating the transfer of funds to African terror groups. Millions of Dollars Laundered […]

Go to Source

Banks, Money Mules and Front Companies Aid Terrorists in Conflict Zones Launder Money

DIGIT — Tue, 02 Oct 2018 08:35:59 +0000

Terror financing is taking on a new shape, but still retaining its old aides. Environmental crimes such as wildlife trafficking and illegal ivory sales have overtaken the drug trade as the major income source for terrorists around the world, accounting for more than a third of their revenue. However, it is not cryptocurrency that is […]

The post Banks, Money Mules and Front Companies Aid Terrorists in Conflict Zones Launder Money appeared first on Bitcoin News.

Go to Source

Terrorists Not Having Much Luck Raising Money Through Cryptos, Fiat Still The Most Preferred

DIGIT — Mon, 10 Sep 2018 19:00:32 +0000

Remember when crypto skeptics said that cryptos would replace fiat currencies as the preferred funding method for terrorists? It turns out they were wrong, at least for now. According to witnesses who testified before the U.S Congress Subcommittee on Terrorism and Illicit Finance, crypto hasn’t taken root as the go-to financing method for terrorist groups […]

The post Terrorists Not Having Much Luck Raising Money Through Cryptos, Fiat Still The Most Preferred appeared first on NullTX.

Go to Source