Indonesia’s AML Watchdog Links Bitcoin to Islamic State

By Timothy Sohn Jan 9, 2017 6:32 PM EST

(CoinDesk) – Indonesian authorities say they have evidence that Islamic State (IS) militants are using online money services such as PayPal and bitcoin to send money to domestic operatives. Officials with Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), an independent agency established in 2002 that enforces the country’s anti-money laundering (AML) laws, gave the remarks at a public hearing centered on the agency’s performance in 2016.

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