Terrorism Financing Linked to Online Gambling – At the recent “Cybercrime in Betting and Gaming” conference in London it was revealed that security services are conducting 23 current investigations in which it is possible that terrorist organizations have used online gambling channels to transfer funds. Apparently these leads have come from the conviction of one Tariq al-Daour, who is regarded as the “godfather of cyber-terrorism for al-Qaeda”.

Al -Daour and two of his associates, Waseem Mughal and Younes Tsouli, were convicted of inciting murder through website exhortations two years ago.

The three men allegedly used Windows based Trojans to steal credit card numbers. They then laundered the cash using online gambling sites. The three men are serving sentences totaling 38 years between them. There are also reports that Al-Daour had the effrontery to access online gambling sites from Belmarsh prison.

Investigations also revealed that the three convicted men were listed as clients on a credit card company’s database. On the same database there were 17 others names whose date of birth, nationality and first name matched the convicted three.

The trio had 190 pre-paid credit cards still in circulation with balances of ₤10,000 on each card. Al-Daour and his accomplices made over $3.5 million in fraudulent charges using credit card accounts stolen via online phishing scams and the distribution of Trojans. They carried out 350 transactions at 43 different online gambling sites using more than 130 compromised credit cards.

read more – http://www.casinoadvisor.com/terrorism-financing-linked-to-online-gambling-news-item.html