Counter Terrorism Financing News

One of the three convicted terrorism financiers sent $49,000 worth of stablecoins to a foreign exchange before it was routed to an ISIS-linked campaign.

AUSTRAC has ordered Binance Australia to appoint an external auditor after identifying serious shortcomings in the exchange’s Anti-Money Laundering controls.

Hong Kong’s Securities and Futures Commission has issued two new crypto trading platform licenses, bringing the total to seven since mid-2024.

Canada’s FINTRAC updates AML strategies, emphasizing cryptocurrency’s role in combating synthetic opioid-related money laundering.

Crypto donations to extremist groups have declined worldwide but are rising in Europe, while North America remains at the top of the charts.

Chhipa sent $185,000 in cryptocurrency to ISIS members in Syria, funding prison escapes and fighters.

Australia proposes tighter AML/CTF rules targeting crypto exchanges, legal services and real estate to combat financial crime.

The Financial Intelligence Unit of Nepal has identified growing crypto-related fraud despite a trading ban and proposed transaction monitoring, awareness campaigns and stricter regulations.

Singapore’s 2024 terrorism threat assessment reveals a continued reliance on cash transfers for funding by terrorist groups despite some increase in crypto usage.

The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.

The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

Palestinian militant groups, including Hamas, still prefer “traditional products and services,” says U.S. Treasury official Brian Nelson.

EU-based crypto firms are now subject to guidance from the banking watchdog in its “fight against financial crime.”

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.