Forged Documents Sales on Darknet Aid Terrorist Groups, Report Says
The report, titled “Mining the Dark Web: Drugs and Fake ID’s” paints a very worrisome picture. In fact, it is likely terrorist groups use this stolen information to forge documents, allowing their cult members to infiltrate countries and bypass security checks. The darknet is often referred to as the go-to place to buy drugs online with Bitcoin. But internet criminals are not your average drug traffickers either. The University of East London conducted an investigation which reveals the sale of fake documents is on the rise. These documents would make it easier for criminals and even....
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Bitcoin may pose a risk for terrorist financing, according to a new report from the Financial Action Task Force (FATF). In a report entitledEmerging Terrorist Financing Risks, released today, the organisation notes that virtual currencies have "attracted the attention of various criminal groups", including extremist organizations. However, while their use among terror organisations could grow in the short-term, the scale of the threat they pose is unknown and should be researched further, it says. "This report presents a number of interesting cases, but the actual prevalence and level of....
Stampery, a service that certifies records and documents on the blockchain, says lawyers working with sensitive documents are one of its main user groups, according to International Business Times. The other two main groups are creatives looking to establish ownership rights and companies that generate prior art of intellectual property. Lawyers receive a lot of documents and have to do a lot of due diligence, including getting documents notarized. By using Stampery, they can drag and drop zip documents to Stampery rather than sending them in a CD to a notary. Stampery provides irrefutable....
Is bitcoin really the preferred currency of terrorists? You might think so from reading some of the mainstream media headlines. But a recent intergovernmental study on terrorist financing paints a very different picture. The Financial Action Task Force (FATF), a Paris-based, intergovernmental body that develops policies to protect the global financial system against money laundering, terrorist financing and financing of weapons of mass destruction, recently released a report called Emerging Terrorist Financing Risks. There is a small section in the report about virtual currency as a tool....
A new US Treasury Department study reports that bitcoin could possibly be used to fund terrorism but says the actual risk posed remains uncertain. The National Terrorist Financing Risk Assessment, published 12th June, includes virtual currencies on a list of "potential emerging" risks as a tool for funding terrorism, stating that bitcoin "may be vulnerable to abuse by terrorist financiers". The report notes: "Given the attractiveness of virtual currency to conduct illicit financial transactions, the possibility exists that terrorist groups may use these new payment systems to transfer....
Brussels Terror Attacks Revive Terrorism-Crypto Connection, Fueling European Push To Control Bitcoin
This week’s terror attacks in Brussels has caused French Interior Minister Bernard Cazeneuve to cite the darknet as a terrorist tool and call for measures to improve intelligence expertise in technologies terrorists use, according to a French ministry website. Because cryptocurrency is used for darknet transactions, efforts to control the darknet could fuel government efforts to control cryptocurrencies in Europe. Cazeneuve told The National Assembly that terrorists use the darknet. He made his remarks in the context of a wide-ranging discussion about what the government must do to....