Cryptocurrencies: The Next Generation of Terrorist Financing?

Defence Against Terrorism Review, Vol. 6, No. 1, Spring&Fall 2014, pp. 7- 30

24 Pages Posted: 27 Jul 2016

See all articles by Alan Brill

Alan Brill

Texas A&M University School of Law; Kroll Cyber Security & Investigations

Lonnie Keene

Kroll Cybersecurity & Investigations

Date Written: January 15, 2014

Abstract

Virtual currencies — which are not legal tender in any country and are not issued or backed by any government — have become an important factor in global funds transfers. But features associated with these so called “cryptocurrencies,” such as transaction anonymity and irreversibility of payments, have made them extremely attractive to cybercriminals, drug dealers, money launderers and those involved in global terrorist funding. In this paper, we examine what these financial vehicles are, how they work and why they facilitate terrorist funding and offer suggestions to members of the antiterrorism community for investigating cases involving virtual currencies and bringing perpetrators to justice

Keywords: Virtual currency, Cryptocurrency, Bitcoin, Non-sovereign currency, Terrorist financing

Suggested Citation

Brill, Alan and Keene, Lonnie, Cryptocurrencies: The Next Generation of Terrorist Financing? (January 15, 2014). Defence Against Terrorism Review, Vol. 6, No. 1, Spring&Fall 2014, pp. 7- 30. Available at SSRN: https://ssrn.com/abstract=2814914

Alan Brill (Contact Author)

Texas A&M University School of Law

1515 Commerce St.
Fort Worth, TX 76102
United States

Kroll Cyber Security & Investigations ( email )

600 Third Avenue
4th Floor
New York, NY 10016
United States

HOME PAGE: http://www.kroll.com

Lonnie Keene

Kroll Cybersecurity & Investigations ( email )

600 Third Avenue
4th Floor
New York, NY 10016
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
621
rank
40,613
Abstract Views
1,578
PlumX Metrics