The U.K.'s security forces have today revealed evidence of Islamic terrorist networks using a number of online gambling website to launder money for their various activities. It would appear that the Internet is fast becoming the medium of choice for various terrorist groups and the ability to wash money through the system via the massive network of online gambling sites gives them the perfect opportunity to disguise their money trail.
However, the security forces are now aware of the problem and should be able to increase surveillance and tracking systems to halt the apparent substantial increase in this funding option. When you consider that once money is paid into an online account it can literally be transferred anywhere in the world, to any other account, with very little in the way of tracking and surveillance, unless specific alarms are raised.
The Internet itself offers the potential for discretion and a useful way for illegal organisations to melt into the background and wash what began as criminal funding through the system. The process works by transferring funds online and then transferring them to a different account which will show the stamp of a recognised gambling website. Without any prior knowledge this would look like a perfectly natural deposit from a recognised source.
The U.K.'s security forces have today revealed evidence of Islamic terrorist networks using a number of online gambling website to launder money for their various activities. It would appear that the Internet is fast becoming the medium of choice for various terrorist groups and the ability to wash money through the system via the massive network of online gambling sites gives them the perfect opportunity to disguise their money trail.