FSB chief points to use of cyber currencies for terrorist support

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# 11:56
21 May 2019

Terrorist organizations are more often receiving financial support from their sponsors in the form of cyber currencies, Russian Federal Security Service (FSB) Director Alexander Bortnikov said at a meeting of the security agencies of Commonwealth of Independent States (CIS) member countries in Dushanbe on Tuesday, ONA reports citing TASS.
"Terrorists are increasingly using online payment systems and cyber currencies to transfer money they receive from certain countries and organizations that support the global terrorist network. They also use proceeds from oil smuggling, slave trade and other criminal activities," Bortnikov pointed out.

"The Hawala informal value transfer system remains another funding source for international terrorist organizations," the FSB chief added.

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