The statement is provided without footnote or citation, noting results from FATF Mutual Evaluation Reports and a 2024 Survey in which "responses were self-reported and not verified". According to the report, participants noted an increase in the use of Virtual Assets by terrorist groups in "in Syria and ISIL in Asia".

The statement additionally stands in stark contrast to Chainalysis' 2024 Crypto Crime Report, which found a decrease in illicit activity in overall cryptocurrency transaction volume from 0.42% in 2022 to 0.34% in 2023 . The report recognizes that "the majority of [terrorist financing] continued to occur in cash and other traditional methods".