NEWS: ISIS using crypto to launder $25k per month, says US
By PAUL O’DONOGHUE, Senior Correspondent
A faction of ISIS launders up to $25,000 a month through cryptocurrencies, according to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
In a notice issued yesterday, FinCEN warned banks that ISIS is turning to digital assets such as crypto to finance its operations. “ISIS and its affiliates have increasingly adopted digital assets, including virtual currency, as a means of storing and moving funds,” the agency said.
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