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| India-Pakistan |
| Funding terrorism |
| 2015-12-31 |
| [DAWN] POINT six of the National Action Plan calls for the state to choke terrorism financing. Choking funds is not possible without understanding the processes of fundraising, transfers and utilisation of funds. To ensure stern action against the controllers and financiers of terrorism, the government recently established the National Terrorists Financing Investigation Cell. The creation of NTFIC is the practical manifestation of NAP's point six. Without a specialised unit, financing cannot be stopped. The government has tasked FIA, the State Bank, FBR and intelligence agencies to jointly operate NTFIC. The unit will track financial transactions between the national and international banking systems. Such ventures cannot succeed without the active cooperation of the provinces. The new initiative has been taken in the light of capacity issues of the existing Financial Monitoring Unit and to improve information-sharing among investigation, intelligence and law-enforcement agencies. |
| Posted by:Fred |
| #1 Three days following the 9/11 attack the U.S. Department of the Treasury formed an interagency task force to combat terrorism. It comprised four Treasury agencies -- the Bureau of Alcohol, Tobacco and Firearms (ATF), the U.S. Customs Service, the Internal Revenue Service's Criminal Investigations Unit (IRS-CI) and the Secret Service. All had facilities at the World Trade Center destroyed by the September 11 terrorist attack. I The task force was soon called the Foreign Terrorist Asset Tracking Center (FTATC), and was located in the Treasury Department's Office of Foreign Asset Control. Its purpose was to disrupt the funding of terrorist organizations. When the last great book on counter-terrorism is written the FTATC will finally receive its due as the most important element in the war on Islamist terrorism. Pakistan never copied the American example because its military leaders were actually supporting terrorism. |
| Posted by: Clyde Bucket1605 2015-12-31 09:51 |