Palestinian militant groups, including Hamas, still prefer “traditional products and services,” says U.S. Treasury official Brian Nelson.
Counter Terrorism Financing News
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EU-based crypto firms are now subject to guidance from the banking watchdog in its “fight against financial crime.”
4264Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.
1967Elliptic, the firm which The Wall Street Journal sourced the data from, said it was pleased to see the news outlet acknowledge its mistakes.
8296The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.
3254The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.
11710The crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activities carried out on-chain.
7036The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation.
6897Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.
4743The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.
8640A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
3869Cash and hawala remain the “predominant methods of terror financing,” according to a UN official. However, “advanced” terror organizations are turning to cryptocurrencies.
4008National security experts have raised the alarm bells over the IS-NEWS #01 NFT, which is being seen as the first case of an NFT created and shared by a “terrorist sympathizer.”
4658The Israeli government has confiscated 30 crypto wallets from a small exchange based in Gaza, where the Hamas militant group has bolstered its military.
4460MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.
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