PayPal to research blocking transactions that fund hate groups, extremists

PayPal Holdings Inc is partnering with non-profit organisation the Anti-Defamation League (ADL) to investigate how extremist and hate movements in the United States take advantage of financial platforms to fund their criminal activities. The information collected through the initiatives will be shared with other firms in the financial industry, law enforcement and policymakers, PayPal said. Over the years, the San Jose, California-based company has developed sophisticated systems to help prevent illegal activity and flows through its platform.
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