Amsterdam man arrested for financing terrorism with bitcoin
A man from Amsterdam was arrested this week on suspicion of terrorist financing with bitcoins and violating the Sanctions Act, the FIOD reported on Friday. The man was released after questioning.
According to the FIOD, the Tax Authority’s investigative department, the man transferred over €5,000 in bitcoins to “addresses used by individuals affiliated with terrorist organizations” in 2019 and 2020.
The FIOD did not say which terrorist organization was involved or which sanctions the man is suspected of violating.
The man was arrested on Wednesday, October 1. Investigators searched two homes in Amsterdam and seized mobile phones and other data carriers for further investigation.
The Amsterdam man is no longer in custody, but remains a suspect.
