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SAN JOSE, Calif., July 26, 2021 /PRNewswire/ -- PayPal Holdings Inc. (NASDAQ: PYPL), in partnership with ADL (the Anti-Defamation League), today announced a new partnership 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," said Aaron Karczmer, Chief Risk Officer and EVP, Risk and Platforms, PayPal. "We are excited to partner with the ADL, other non-profits and law enforcement in our fight against hate in all its forms."

The initiative with PayPal will be led through ADL's Center on Extremism, a leading authority on extremism, terrorism and hate. PayPal and 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.

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https://mobile.twitter.com/ADL/status/1419660721479110656