Page 22 - Terror Financing News Today

The 2016 demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court.

To display solidarity with peace-loving nations and to help create a bridge for sustained cooperation on countering terrorist financing, India was host to two global events in October - the annual General Assembly of the Interpol in Delhi and a special session of the UN Counter Terrorism Committee in Mumbai and Delhi.

A United Nations official said more cases of crypto use in terror-financing are being detected amid stepped up scrutiny of such practices.

At the end of the two-day meeting, UNSC's counter-terrorism committee adopted the 'Delhi Declaration' listing the council's priorities in combating the challenge of terrorism and terror financing.

It took the country years of strenuous work to check terror financing but the rise of militancy in the past one year is a warning sign.

In a bid choke international terror groups of funds, India on Friday proposed a five-pronged approach, including keeping a strict watch on emerging virtual currencies and breaking the backbone of illicit drugs and arms trafficking besides ensuring that the sanctions regime is transparent.

The Financial Action Task Force (FATF) today rebuked Russia for its invasion of Ukraine. The global terror financing watchdog also took Pakistan off the 'grey list' four years after it was placed on the list for the financing of terrorism.

The Paris-based global watchdog on money laundering and terror financing had recently said the "first FATF Plenary under the two-year Singapore presidency of T Raja Kumar will take place on October 20-21" in Paris.

The Financial Intelligence Centre has warned Parliament of the urgency in meeting the February deadline, as interested parties complain of inadequate time to make input.

Even after being recognised as a hotspot of terrorism, Pakistan continues to protect Lashkar-e-Taiba (LeT) terrorist Sajid Mir through a maze of red herrings to