Monday, May 13, 2019

Much more expensive

It costs as little as $600 for a suicide bomber to kill dozens of people and cryptocurrencies make it easy to fund those attacks, according to Sigal Mandelker, the U.S. Treasury Department’s Under Secretary for Terrorism and Financial Intelligence. She spoke to thousands of people gathered in New York for the annual CoinDesk Consensus. It’s an annual conference of the biggest names in cryptocurrency and blockchain technology.Mandelker’s message was a warning to the industry to comply with regulations designed to prevent money laundering and the financing of terrorism. “Nobody here wants to see innovative products and services misused to support terrorism and weapons proliferation,” she said.
Se is exaggerating.  That is just the cost of a bomb, about the same cost as an AR15.  But the suicide organizations have to pay ooff the relatives who donate the corpse.  That cost adds $10,000 or more.

Can we ind the suicide organizations in the sandbox?  You bet, good, automated forensics. Accounting forensics does not go away, just gets a Moore's Law update.

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