Social Media Emerges as Terrorism Fundraising Tool

Samuel Rubenfeld
Published by The Wall Street Journal, August 11, 2014

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….

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http://blogs.wsj.com/riskandcompliance/2014/08/11/social-media-emerges-as-terrorism-fundraising-tool/?mod=WSJ_hps_sections_riskcompliance