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Kim's avatar

How many of the crypto exchange houses are sympathetic to terror groups and are working to fly under the radar of the regulators? Can we even know?

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Irene Kenyon's avatar

I'd say there are different ways to find out. What kinds of compliance policies do they have? Are they located in a jurisdiction that's at high-risk for terrorist financing? Are they owned, controlled, or otherwise managed by individuals who may be linked to terrorist groups or to known terrorist facilitators? What kind of adverse media is there?

None of these ways are foolproof, of course, but the research needs to be done.

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OldNFO's avatar

Once you bring in hawala, you bring in a centuries old exchange system that few outside the Arab world understand or can comprehend. Adding that to they crypto side makes the ability to actually track the monies even more interesting and frustrating. Policies and procedures 'may' allow some tracking and possible links to terrorists, but the adverse media impacts of 'false flags' or legitimate hawala transfers being called out may limit enforcement, IMHO.

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Irene Kenyon's avatar

Yep. Absolutely agree.

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