Paris, June 27 -- The Financial Action Task Force (FATF) has warned of the growing misuse of social media, instant messaging applications and streaming platforms by terrorist groups to finance their activities, highlighting the evolving risks posed by digital technologies and calling for stronger global cooperation to counter the threat.

In a press release issued on Friday, the global anti-money laundering and counter-terrorism financing watchdog unveiled a new report detailing how terrorists are exploiting social media, instant messaging applications and streaming platforms (SMSPs) not only for propaganda and fundraising, but also for fraudulent humanitarian crowdfunding campaigns, creator-economy features, virtual asset fundraising and...