An Indian commentary asks whether a "cashless" society will reduce terrorism and found - to my surprise - this:Then citing FATF and US reports states:a “cashless economy” need not be “terror-free”. In November 2014, CNBC conducted a survey of the 10 top “cashless” societies. It found Belgium to be the world’s top cashless society with 93 per cent non-cash consumer payments and 83 per cent debit card use. France was second, then Canada, the UK, Sweden, Australia, Holland, the US, Germany and South Korea. Unfortunately, Belgium and France were also the worst victims of indigenous and trans-border terrorism.Link:http://indianexpress.com/article/opi...ption-4390492/Detecting terror financing through legal channels is an extremely onerous task, as the US Treasury and FATF reports would indicate.
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