French police arrest 29 in anti-terror Syria financing sting

French police on Tuesday arrested 29 people in a sting operation targeting a network of terror financing for extremists in Syria, prosecutors said.

The network, active since 2019, mostly operated via the purchase of crypto-currency coupons whose references were given to extremist contacts in Syria and then credited to bitcoin accounts, the anti-terror prosecutors’ office said in a statement.

For all the latest headlines follow our Google News channel online or via the app.

This way to transfer funds marks a departure from previous methods identified by France’s anti-terror financing and money laundering services, which mostly involved cash mandates, it said.

“Constant surveillance of these networks prompted terrorist organizations to seek more opacity by using crypto-currencies such as bitcoin,” the statement said.

Read more:

Four people injured in knife attack in Paris, several suspects detained: Police

French police dismantle migrant camp at launch point for Britain

SHOW MORE

Last Update: Wednesday, 30 September 2020 KSA 23:18 – GMT 20:18

Leave a Reply

Your email address will not be published. Required fields are marked *