‘Global terror financing goes digital,’ warns FATF in latest report

The Financial Action Task Force (FATF), headquartered in Paris, France, has warned that terrorist groups are increasingly exploiting social media, instant messaging and streaming platforms to raise and move funds, as digital technologies create new avenues for financing terror activities.

In a latest report, the global anti-money laundering and counter-terrorism financing watchdog said the rapid evolution of social media, messaging and streaming platforms (SMSPs) has significantly expanded the financial tools available to terrorist networks.