PayPal partnership with ADL (the Anti-Defamation League), to announce a new initiative to fight extremism and hate through the financial industry and across at-risk communities. This is the latest effort by PayPal in combating racism, hate, and extremism across its platforms and the industry.
Through this collaboration, PayPal and ADL have launched a research effort to address the urgent need to understand how extremist and hate movements throughout the U.S. are attempting to leverage financial platforms to fund criminal activity. The intelligence gathered through this research initiative will be shared broadly across the financial industry and with policymakers and law enforcement.
“By identifying partners across sectors with common goals and complementary resources, we can make an even greater impact than any of us could do on our own,”
“We are excited to partner with the ADL, other non-profits and law enforcement in our fight against hate in all its forms.”Aaron Karczmer, Chief Risk Officer and EVP, Risk and Platforms, PayPal.
The PayPal partnership with ADL will be led through ADL’s Center on Extremism, a leading authority on extremism, terrorism, and hate. The PayPal partnership with ADL will focus on further uncovering and disrupting the financial pipelines that support extremist and hate movements. In addition to extremist and anti-government organizations, the initiative will focus on actors and networks spreading and profiting from all forms of hate and bigotry against any community.
“All of us, including in the private sector, have a critical role to play in fighting the spread of extremism and hate. With this new initiative, we’re setting a new standard for companies to bring their expertise to critical social issues,”
“We have a unique opportunity to further understand how hate spreads and develop key insights that will inform the efforts of the financial industry, law enforcement, and our communities in mitigating extremist threats.”Jonathan Greenblatt, CEO, ADL.
Core to the PayPal and ADL initiative is the establishment and expansion of a coalition with other civil rights partner organizations, such as the League of United Latin American Citizens (LULAC), to protect marginalized communities against extremism. PayPal and ADL will work closely with these organizations to share trends in extremism and hate with marginalized and vulnerable communities with the goal of helping to empower and safeguard those communities which are frequent targets of hate groups and extremist acts.
“This innovative partnership between ADL and PayPal encourages us to think outside the box when fighting evil,”
“We hope to see more private and public partnerships such as these to help raise the social awareness of the public to the dangers that exist in plain sight. Attacking these hateful groups’ revenue sources weakens their reach and exposes just how unstable they truly are. The data and research collected from experts will help organizations, like LULAC, inform their strategy to combat evil. We congratulate these organizations and will continue to stand alongside them against hate.”Sindy Benavides, CEO, LULAC.
ADL has been combating extremist threats across the ideological spectrum for decades. Its staff of investigators, analysts, researchers, and technical experts strategically monitors, exposes, and disrupts extremist threats – on the internet and on the ground. ADL provides resources, expertise, and educational briefings that enable law enforcement providers, public officials, and community leaders, as well as internet and technology companies, to identify and counter emerging threats.
The Paypal partnership with ADL is the most recent example of PayPal extending the reach of its financial crimes capabilities through multi-sector collaborations to address critical societal and community issues. PayPal also maintains partnerships with Polaris to combat human trafficking through a joint Financial Intelligence Unit, as well as a multi-sector research initiative to better understand illegal firearm trafficking and financing.
Subscribe to Our Newsletter Today
Stay in touch with the latest business insights for your online business
We do not share your information and you can unsubscribe anytime
Connect With Us And Other Small Business Owners
Please head over to our Facebook Group for Small Business Sellers and interact with other small business owners.