A complaint filed in January 2024 alleged that Binance, Changpeng Zhao, Iran and Syria provided “substantial assistance” that contributed to Hamas’ October 2023 attacks on Israel.
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Terrorism News
Terrorism is a term that is used to describe acts of violence in order to create fear within large masses of people to achieve some political, religious, financial or ideological purpose. Terrorism is performed both in the domestic territories of terrorists and on the international level. Terrorism is funded for a variety of reasons. Sometimes, terrorism is funded to destabilize the political situation in a country for some geopolitical reason by other countries. Terrorism is also funded by protection racketing, kidnapping for ransom, fraud and robbery. Sympathizers of terrorism often use cryptocurrency and Bitcoin, in particular, to cover any traces of funding. Bitcoin terrorism financing is an important issue for many governments and is a major issue in regard to Bitcoin regulation policies. Although the scale of terrorism financing via Bitcoin may be exaggerated, some authorities see it as too risky to remain inactive.
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Hong Kong’s Securities and Futures Commission has issued two new crypto trading platform licenses, bringing the total to seven since mid-2024.
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Canada’s FINTRAC updates AML strategies, emphasizing cryptocurrency’s role in combating synthetic opioid-related money laundering.
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Crypto donations to extremist groups have declined worldwide but are rising in Europe, while North America remains at the top of the charts.
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Police reportedly confirmed Tesla CEO Elon Musk’s version of events, which followed an earlier, potentially terror-linked truck attack in New Orleans.
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Chhipa sent $185,000 in cryptocurrency to ISIS members in Syria, funding prison escapes and fighters.
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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.
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Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts were restricted.
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Singapore’s 2024 terrorism threat assessment reveals a continued reliance on cash transfers for funding by terrorist groups despite some increase in crypto usage.
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The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.
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New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.
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The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.
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U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.
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U.S. Deputy Treasury Secretary Adewale Adeyemo told the Senate Banking Committee that terrorists prefer cash, but the department is worried about crypto’s growth.
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Representative French Hill challenged aspects of a bill amending the Bank Secrecy Act, implying that requirements would be impossible to apply to crypto miners and validators.
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