The FATF is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.
According to an Indian Express report, India’s onsite assessment by FATF is scheduled for November, while the assessment is likely to be taken up for discussion in the plenary discussion in June 2024. The mutual evaluation of India was last carried out in 2010, and was postponed to 2023 due to COVID and after the FATF paused its.
"Indian officials reported that a violent extremist organisation under investigation collected funds through well-structured networks spanning the entire country. Resorting to solicitation at mosques and public places, the group’s fundraising tactics included offline and online mechanisms, such as circulating QR codes and account details through which donors were asked to send money. Over 3,000 bank accounts and informal value transfer systems were used," the FATF said.
It further mentioned that the accounts involved were both domestic and foreign transactions, making this case extremely difficult to investigate. FATF said the funds were used to procure arms and ammunition and for training the cadres of the violent extremist organisation, among other purposes.
"A portion of the funds raised through crowdfunding was also invested and parked in businesses and real estate projects to generate regular income for terrorism activities," it said.
The FATF said "eight individuals in leadership roles within the violent organisation have been arrested" on terrorist financing (TF) charges and prosecution complaints have been filed. "As a result of the investigation, Rs 3.5 crore in assets are being sought for confiscation," it added.
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In September 2022, eight members of the now-banned Popular Front of India were arrested by the National Investigation Agency on various charges related to terror financing. However, they were granted bail by the Madras High Court last month.
The PFI was created in 2007 after the merger of three Muslim organisations in southern India-- the National Democratic Front in Kerala, the Karnataka Forum for Dignity, and the Manitha Neethi Pasarai in Tamil Nadu. It emerged after a ban on the Students Islamic Movement of India (SIMI). According to the Indian Express, the body projected itself as an organisation that fights for the rights of minorities, Dalits, and marginalised communities.
The Central government last year launched a crackdown on PFI and its members. In September 2022, the Ministry of Home Affairs declared the PFI along with its “associates or affiliates or fronts including Rehab India Foundation (RIF), Campus Front of India (CFI), All India Imams Council (AIIC), National Confederation of Human Rights Organization (NCHRO), National Women’s Front, Junior Front, Empower India Foundation and Rehab Foundation, Kerala as an “unlawful association”.
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