Washington, April 25 (IANS) US Treasury Assistant Secretary for Terrorist Financing Jonathan Burke has told lawmakers that sanctions remain a central tool to cut off adversaries from the American financial system and disrupt illicit activity.“Sanctions can be useful to isolate those sanctions targets and make sure they don’t have access to the US financial system,” Burke told lawmakers.Testifying before a House subcommittee, Burke said sanctions serve both as a direct enforcement tool and …
Latest Terrorism Financing News & Updates
Colombo, April 22 (IANS) Pakistan’s terror ecosystem is expanding rather than shrinking, with terrorist organisations such as Jaish-e-Mohammad establishing a women’s wing, ‘Jamaat-ul-Mominat’, and Lashkar-e-Taiba setting up a so-called ‘Water Wing’ aimed at maritime assault capabilities, a report said on Wednesday. According to a report in Sri Lankan media outlet Ceylon Wire News, terror financing has gone digital, with encrypted cryptocurrency transactions supplementing traditional hawala net…
Islamabad, April 21 (IANS) Pakistan is trying to reshape its international image by benefiting from its perceived mediating role in US-Iran conflict. However, the reality is that Pakistan continues to operate as a breeding ground and safe haven for terrorist organisations, a report has stated. Last year’s April 22 heinous terror attack in Pahalgam cannot be seen as an isolated incident but showcases a clear manifestation of a systematic and enduring machinery of violence. The Resistance Front (T…
New Delhi, April 16 (IANS) To curb money laundering and financial crimes, the Financial Intelligence Unit-India (FIU-IND) has signed two separate memorandums of understanding (MoUs) with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) to enhance information sharing and inter-agency coordination, the Ministry of Finance said on Thursday.The agreements mark a step towards strengthening collaborative intelligence-sharing mechanisms…
New Delhi, April 9 (IANS) Looking to check cyber frauds and financial crimes, the Union Home Ministry’s Indian Cybercrime Coordination Centre (I4C) signed an Memorandum of Understanding (MoU) with the Finance Ministry’s Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination, an official said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level, the official s…
New Delhi, April 9 (IANS) The Financial Intelligence Unit‑India and the Indian Cyber Crime Coordination Centre (I4C) signed a comprehensive memorandum of understanding (MoU) to strengthen intelligence sharing and coordination in the fight against cyber‑frauds and financial crimes, the government said on Thursday.The MoU aims to enable both agencies to establish robust feedback mechanisms for enhancing fraud detection protocols at the national level and facilitate the development and dissemin…
New Delhi, Jan 7 (IANS) The raids by the Counter Intelligence Wing (CIK) of the Jammu and Kashmir Police in connection with a cyber terror case have uncovered scores of mule accounts. The raids were conducted at several locations across the Valley. During the raids the CIK found that there were many mule accounts in operation.The operation was aimed at disabling these accounts which were indulging in cyber frauds and also facilitating terror financing.Acting on specific information, the CIK raid…