Camstoll in the News

Social Media Emerges as Terrorism Fundraising Tool

By Samuel Rubenfeld

Social media tools are increasingly being used to raise funds for terrorist organizations, according to a new report by a risk-advisory service.

…The Camstoll Group, which advises companies, governments and financial institutions on risk management, said Monday in a note that it believes financial institutions should consider whether their analytical capabilities are able to effectively monitor social media for data relevant to anti-money laundering and counter-terrorism finance risk management. Camstoll, in its report, pointed to last week’s U.S. action against two Kuwaitis for providing support to Syrian terrorists through social media-based fundraising campaigns and financial networks…

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