Topic: Financial Action Task Force Releases ‘Definitions and Risks’ Report on Virtual C (Read 917 times)

That doesn't really matter. It's not like we don't know that bitcoin is the superior system and thus is also going to be the superior system for terrorists as well. There is no way around that and pointing out that they've used fiat in the past isn't going to change anyones mind who's job it is to investigate these things.

Like it or not we'll likely eventually see bitcoin used to fund some sort of terrorist activity. And we can only hope that the people in power don't choose to make bitcoin the scapegoat.

in the last 15 years, how many terrorists used bitcoin?

last i checked plane tickets, train tickets, fertilizer, nails, car fuel (tools terrorists use) are paid in fiat. as well as guns.. after al its the secret deals with governments (owners of gun manufacturers) that are the true funders of terror

It happens far more with fiat than bit coin. Criminals will use any medium of exchange available.I suspect this is a round about way to spread fud on bit coin.

Actual document can be found here: http://www.scribd.com/doc/231945117/Virtual-Currency-Key-Definitions-and-Potential-Aml-Cft-Risks

Nothing that doesn't happen with fiat as well.

The Financial Action Task Force [on Money Laundering], also known as FATF, has released a new report focusing on virtual currencies. Specifically, the report covers “key definitions” and “potential AML/CFT risks” of these emerging payment methods.
The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payment method. An important step in assessing the risks and developing an appropriate response, is to have a clear understanding of the various types of virtual currencies and how they are controlled and used. This report establishes a conceptual framework of key definitions, which could form the basis for further policy development.
The 15-page document serves as an outline of the inherent risks involved with digital currencies. Really though, things we’ve heard time and time again. We’re talking anonymity issues, limited identification of participants, and the lack of a central governing authority.
It is, in all actuality, aimed at law enforcement officials with the goal to educate them on these very risks using examples of what has already happened in recent history.
Virtual Currency Key Definitions and Potential Aml Cft Risks
The FATF included the following in their statement:
The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payment method. An important step in assessing the risks and developing an appropriate response, is to have a clear understanding of the various types of virtual currencies and how they are controlled and used. This report establishes a conceptual framework of key definitions, which could form the basis for further policy development.
The Financial Action Task Force is an intergovernmental organization founded in 1989 on a G7 initiative. The Paris-headquartered organization is tasked with the responsibility of developing policies that prevent both money laundering and criminal financing.
For additional information, follow this link.
from: http://newsbtc.com/2014/06/30/financial-action-task-force-releases-definitions-risks-report-virtual-currencies/
 http://www.3-coin.com/2014-06-30/3799/