India: Centre gets tough on terror funds

The new BJP government is set to crack down on terror financing from across the border, holding it as one of the key steps towards beefing up the internal security mechanisms in view of impending terror threats from cross-border as well as home-grown terror outfits.

For the first time since the new government has taken charge, India has had its first detailed discussion in the multi-lateral forum over terror-financing.

Notably, India has sought cooperation of member countries to crack the financial network and fund-raising activities of Pakistan-based terror outfits and individual terrorists associated with these organisations.

The move is expected to get a boost during the fresh round of meetings where India will be assuming the chairmanship of the Eurasia Group of the Financial Action Task Force (FATF), the premier global Task Force on Counter-terror Funding Operations.

A delegation from the MHA was in Russia last week on the first leg of a two-legged tour of Russia and Europe over the issue of terror-finances.

Notably, new national security adviser Ajit Doval has regularly spoken tough on the issue of countering terror financing and the security agencies have been asked to crack down on such activities to bolster the counter-terror efforts, sources said. Combating money laundering an terror financing have remained key challenges for the security establishment in the last few years.

India has told the multilateral forum that its own customs and border guarding agencies have found that the largest source from where fake Indian currency notes are pushed into the country is Pakistan. It has also raised key concerns about extensive flow of hawala funds coming in from abroad for terrorist outfits, even as cross-border fund transfers are taking place for tax frauds.

Source: Asian Age


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