Friday, January 2, 2009

Terrorists launder cash through online gambling

Drugs, cigarette smuggling, mortgage fraud, credit card fraud and now you can add online gambling to the long list of methods terrorists use to raise money. Telegraph

Terry Prattar, a specialist in counter-terrorism with Jane's Strategic Advisory Services, said: "Al-Qaeda want to create a University of Jihad on line, both in a spiritual and financial sense.

"They want a community that can carry out attack without having to travel abroad for training.."

He said the internet had been used to raise funds for terrorists in Afghanistan including the use of on-line gambling sites to launder cash.

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