India

FATF Report Highlights Terror Financing Threats In India From ISIL And Al-Qaeda Groups

A recent report by the Financial Action Task Force (FATF) underscores that India’s most significant terrorism financing threats primarily stem from ISIL and Al-Qaeda-linked groups operating in and around Jammu and Kashmir. The report reveals that external sources are the predominant contributors to terror financing in four of India’s six conflict zones.

The FATF, which is responsible for developing policies to combat money laundering and terrorist financing, notes that India has faced persistent terrorism challenges since its independence in 1947. The report categorizes these threats into six key theatres, highlighting extremist groups in Jammu and Kashmir, other regional insurgencies, and left-wing extremist movements.

Also Read:Death Toll In Targeted Device Explosion In Lebanon Rises To 37

Key findings of the report include:

Diverse Funding Sources

The assessment identifies various methods of terror financing, such as extortion, organized crime, the misuse of non-profit organizations (NPOs), and the circulation of fake currency. It also points to the rising trend of using virtual assets, complicating tracking efforts.

NPOs and Radicalization

The report draws attention to the abuse of NPOs, which have been linked to terrorist organizations and receive foreign funding under the guise of charitable activities.

Government Initiatives

Additionally, the FATF commended the Indian government for its counter-radicalization programs, including the ‘Sahi Raasta’ initiative launched in 2022, aimed at deterring youth from radicalization in conflict-prone areas.

Effective Investigations

The National Investigative Agency (NIA) and Enforcement Directorate (ED) received appreciations in tracing financial trails linked to terrorist activities, demonstrating a solid grasp of both current and emerging terror financing threats.

The report concludes that India has achieved a “high level of technical compliance” with FATF recommendations and has made substantial progress in implementing measures to combat illicit finance. It emphasizes the importance of cooperation among domestic and international authorities to enhance financial intelligence and deprive criminals of their assets.

Shibra Arshad

Recent Posts

Pope Francis Funeral: President Murmu & PM Modi Pay Final Tributes

Pope Francis, the first Latin American pontiff, was laid to rest in a humble ceremony…

23 mins ago

Man Arrested For Raping Six-Year-Old Girl In Bihar’s Vaishali District

The Bihar police have taken swift action in arresting a man accused of raping a…

57 mins ago

PM Modi Distributes Over 51,000 Appointment Letters In 15th Rozgar Mela

PM Modi distributed 51,236 appointment letters to newly-recruited candidates in central government departments and organisations…

4 hours ago

Indian Embassy In Berlin Holds Memorial For Pahalgam Terror Victims

The Indian Embassy in Berlin organised a solemn memorial service to honour the victims of…

5 hours ago

Joe Jonas Reflects On Disconnecting From Technology And Reliving Childhood

Pop star Joe Jonas recently performed his latest single, Heart by Heart, to a phone-free…

5 hours ago

Chennai Super Kings’ Struggles Continue As Sunrisers Hyderabad Secure Crucial Win

CSK captain Mahendra Singh Dhoni has openly acknowledged the team's ongoing struggles in the 2025…

5 hours ago