Terrorist Financing

The nature of terrorism financing has evolved with the exponential development and expansion of the internet. This dimension of terrorism funding has become a critical source for terrorist organisational mobilisation. The cyber funding of terrorism has coincided with the remarkable technological progress that has been achieved in the last few decades. This chapter provides a ...

Social media and terrorist financing (SMTF) refers to how terror organisations (TO), sometimes called violent extremist organisations (VEOs), have exploited free social media platforms to raise money for terrorism/fighting/jihad, to recruit, train, equip, and transport fighters, to support extremist religious proto-states (e.g., Islamic State of Iraq and Syria [ISIS]), to market/brand an organisation including to ...

This study sheds light on the emerging threat of terrorists, particularly Hamas and other Palestinian terror organizations, leveraging online crowdfunding and cryptocurrencies. The recent events of October 7, 2023, highlight the pressing nature of this issue. A systematic case analysis reveals the sophisticated exploitation of digital finance for discreet resource accumulation, circumventing traditional oversight. The ...

VOX-Pol Blog post. ...

The proliferation of social media has created a terrorist finance vulnerability due to the ease with which propaganda can be spread, promoting fund-raising for a certain cause. Social media companies recognize the importance of preventing violent extremist and terrorist content, but less attention is paid to their fund-raising role. As well as presenting a threat, ...

Notwithstanding inherent differences between the counterterrorist financing regime and the regulatory regime governing communication service providers, there are clear benefits in taking lessons learnt from longstanding efforts on terrorist financing into account when developing a response to the online terrorist threat. Lawmakers developing a regulatory regime for communication service providers (CSPs) should engage with their ...

This paper explores the risk that virtual currencies (VCs) may become involved in the financing of terrorism at a significant scale. VCs and asso- ciated technologies hold great promise for low cost, high speed, verified transactions that can unite coun- terparties around the world. For this reason they could appear appealing to terrorist groups (as ...