According to a recent report, terrorist groups including Al Qaeda and ISIL are increasingly turning to Bitcoin to finance their activities. The authors cite several examples, including: The tech talk section of Al-Haqiqa, a pro-Al Qaeda English-language magazine, released in February 2018, examined the permissibility of using Bitcoin and other cryptocurrencies to fund their activities; […]

Standard Chartered’s branch in Singapore has been fined $3.94 million for breaching anti-money laundering and terrorist financing rules. Transactions that took place between 2015 and 2016 between Guernsey and Singapore ($1.4 billion) suggested that the clients may have been trying to avoid common reporting standards. The clients involved in the transactions had links to the […]