WhatsApp group chat used to send millions in cash, funding crime and extremism
An investigation by European broadcasters revealed that a 532-member WhatsApp group was used to facilitate massive, untraceable cash transfers globally. The network utilized the ancient hawala system to fund organized crime and extremist groups, including the Islamic State in Syria.
Why it matters
This highlights the vulnerability of encrypted messaging platforms to facilitate illicit financial flows and terror financing, bypassing traditional banking regulations.
Image caption, The Islamic State group in Syria was among the recipients of funds
The report relies on investigative findings from a consortium of broadcasters and focuses on factual reporting of criminal activity.
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