News with the tag "Crypto Terror Financing"

A US citizen from Springfield, Virginia has been sentenced to over three decades in federal prison after being convicted of using cryptocurrency to financially support the Islamic State (ISIS), a group designated as a foreign terrorist organization by the US government. According to a press release ...

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.

According to a Bloomberg report, Binance Holdings Ltd. has made top news in crypto trading as new developments, such as lax controls, have been witnessed over digital currency transactions. As the matter evolves, reports have it that crypto transactions between terrorists and hackers, and even sanct...