FATF report reveals terrorists used online payment services and e-commerce platforms in India.
The Financial Action Task Force (FATF) report, 'Comprehensive Update on Terrorist Financing Risks', highlights that accused in two recent terror attacks in India utilized online payment services, e-commerce platforms, and Virtual Private Networks (VPNs). In the 2022 Gorakhnath Temple attack, a lone actor transferred ₹6,69,841 via PayPal for ISIL support and used VPNs for detection evasion. For the 2019 Pulwama attack, materials like aluminium powder for the IED were procured through Amazon. The report notes terrorists exploit e-commerce platforms as multiple buyers/sellers and use trade-based money laundering techniques like over/under invoicing to transfer value.
Key Points
- The FATF report indicates that terrorists in India are exploiting online payment services, e-commerce platforms, and VPNs for financing and operational activities.
- In the Gorakhnath Temple attack (2022), an individual used PayPal to transfer funds for ISIL support and VPNs to evade detection.
- Materials for the Pulwama attack (2019), specifically aluminium powder for the IED, were procured via Amazon.
- Terrorists abuse e-commerce platforms by posing as multiple buyers/sellers and employing trade-based money laundering techniques like over/under invoicing.
Exam Facts
- The Financial Action Task Force (FATF) published the report 'Comprehensive Update on Terrorist Financing Risks'.
- A lone actor in the April 3, 2022 Gorakhnath Temple attack used PayPal to transfer ₹6,69,841.
- Materials for the February 2019 Pulwama attack were procured via Amazon.
- 19 individuals were charged under the Unlawful Activities (Prevention) Act for the Pulwama attack.
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