Tag Archives: Bitcoin

22Oct/18

Europol – Internet Organized Cyber Crime Threat Assessment 2018: new trends in the obscure sides of FinTech – by Daniele Maria Barone

The latest report of Europol on Internet Organized Cyber Crime (IOCTA 2018)[i] stresses, among other issues, the weak points that modern financial tools and a lack of either an up-to-date legal framework or cooperation among institutions and the private sector, brings to the cybercrime field. Continue reading

16Aug/18

Cyber Jihad and Terrorism Financing: New Methods – Old Rules – by Daniele Maria Barone

On July this year, the Financial Action Task Force (FATF) published a report addressed to the G20 Finance Ministers and Central Banks Governors, summarizing the latest development in anti-money laundering (AML) and terrorism financing (TF) and drawing a short term work program in these fields[i]. Continue reading

02Jul/18

Crime-Terror nexus and Potential Jihadist’s Uses of Cryptocurrencies – by Daniele Maria Barone

This May, the analysis commissioned by the European Parliament TERR Committee[i] about terrorism financing by virtual currencies, “Virtual currencies and terrorist financing: assessing the risks and evaluating responses[ii]”, has depicted the complex nature of the actors generally involved in extremist groups’ online financing. Continue reading

19Jun/18

Contemporary Measures to Counter the Misuse of Cryptocurrencies – by Daniele Maria Barone

As pointed out during the International Conference on terrorism financing “No Money for Terror” held in Paris the 25-26th of April 2018, which has gathered Ministers from 80 countries and nearly 500 experts, a growing number of States is criminalizing terrorism financing as a standalone offense but the number of terrorism-financing cases being successfully prosecuted by UN Member States’ judicial systems is still limited, due to the difficulty of proving the intent that the funds would be used for terrorism purposes[i]. Continue reading

07Jun/18

Bitcoin and other types of cryptocurrency: modern and undetectable ways to finance terrorism – by Daniele Maria Barone

In April this year, the European Parliament’s members voted by a large majority (574 yes votes to 13 no votes, with 60 abstentions[i]), to support a December 2017 agreement with the European Council, for measures aimed to prevent the use of cryptocurrencies in terrorism financing. Continue reading