This chapter examines the Virtual Currencies and Terrorist Financing. The rise of forms of payment that are independent of governmental issued and controlled currencies, and which can be traded in a highly anonymous, instantly transferred and used for both legal and illegal transactions represent a new means of laundering money destined to finance the operations of terrorist organizations. Because virtual currencies have the capability of being used (legally) with lower fees than traditional funds transfer modalities, it is likely that their use will increase, and that legitimate organizations will make use of them. Understanding this new form of government-independent “money” is important to those involved in the field of terrorist interdiction.
IOS Press, Inc.
6751 Tepper Drive
Clifton, VA 20124
Tel.: +1 703 830 6300
Fax: +1 703 830 2300 email@example.com
(Corporate matters and books only) IOS Press c/o Accucoms US, Inc.
For North America Sales and Customer Service
West Point Commons
Lansdale PA 19446
Tel.: +1 866 855 8967
Fax: +1 215 660 5042 firstname.lastname@example.org