Bitcoin Allegedly Used to Fund ISIS

Crime, News | December 15, 2017 By:

A New York woman allegedly laundered more than $85,000 USD through bitcoin and other cryptocurrencies to support the Islamic State group.

Zoobia Shahnaz, a 27-year-old hospital technician, was charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering.


Cryptocurrency Use Increasing in Cyber Crimes, Agent Claims

Crime, News | December 1, 2017 By:

US Immigration and Customs Enforcement (ICE) agent Matthew Allen said that many of the illicit activities conducted in cyber-enabled crimes are paid for with cryptocurrencies. The statement was part of his testimony for a Senate Committee on the Judiciary hearing, titled “S.1241: Modernizing AML Laws to Combat Money Laundering and Terrorist Financing.”

ICE is a US federal government law enforcement agency under the jurisdiction of the Department of Homeland Security (DHS).