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Online sites being abused for terror financing: FATF
Business Standard
|July 09, 2025
Global terror financing watchdog Financial Action Task Force (FATF) on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that ecommerce platforms and online payment services were being misused for terror financing.
In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments."
"Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support, or the provision of training," the FATF said.
This story is from the July 09, 2025 edition of Business Standard.
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