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HAMAS using cryptocurrencies as fund raising method

Hamas armed wing has entered into the cryptocurrency market in order to raise funds to their activities.

it was reported that “The Gaza-based Izz el-Deen al-Qassam Brigades, which is proscribed by the United States and the European Union, has been calling on its supporters to donate using the digital currency in a fundraising campaign announced online in late January.”

The reporting comes out in a moment in which EU and FATF have joined the several professional organisations looking for further controls regarding crypto assets.

As a method, Hamas moved from pooling the cryptocurrencies into one unique wallets, into creating a wallet for operation in order to make more difficult to authorities to trace ownership.

Source

https://www.riskscreen.com/kyc360/news/hamas-shifts-tactics-in-bitcoin-fundraising-highlighting-crypto-risks-research/

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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