Social Media Emerges as Terrorism Fundraising Tool
Social media tools are increasingly being used to raise funds for terrorist organizations, according to a new report by a risk-advisory service.
The Camstoll Group, which advises companies, governments and financial institutions on risk management, said Monday in a note that it believes financial institutions should consider whether their analytical capabilities are able to effectively monitor social media for data relevant to anti-money laundering and counter-terrorism finance risk management. Camstoll, in its report, pointed to last week’s U.S. action against two Kuwaitis for providing support to Syrian terrorists through social media-based fundraising campaigns and financial networks….
For more on this story:http://blogs.wsj.com/riskandcompliance/2014/08/11/social-media-emerges-as-terrorism-fundraising-tool/?mod=WSJ_hps_sections_riskcompliance
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