SHAFAQNA PAKISTAN (Shia News Agency)
Among the 20 points of National Action Plan NAP, the sixth point focuses solely on terror financing “Choking financing for terrorists and terrorist organisations”.
Hawala and hundi are the main lifeline of terror fuelling and foreign exchange companies are providing the services at the doorstep of these non-state actors.
Last year during October, Adnan Rasheed’s Ansar-ul-Aseer planned to break the Karachi Central Jail. An intelligence agency thwarted the plot by a sting operation along with Sindh Rangers. To make this plot successful, huge amount of money was kept at the disposal of the gang. A top level intelligence source revealed that “massive investment was made to finance the plot. During a catch related to the jailbreak, security officials recovered 90 million rupees from KPK”.
The executioners of the plan were withdrawing the money from an automated teller machine (ATM) in Karachi while the account was being operated from Peshawar.
During the course of investigation of Trade Development Authority of Pakistan (TDAP) corruption case, several fake accounts were unearthed. It came on record that some commercial banks were directly or indirectly involved in money laundering by facilitating in opening benami (fake) entity accounts. These banks were also found engaged in arranging sale and purchase of US dollars, other foreign currencies and hawala and hundi
An FIA source disclosed that some currency exchange companies of Dubai are involved in the business. According to the source, initially the elements involved in terrorism establish contacts with the currency exchange companies in Dubai dealing in hawala and hundi to Pakistan. They hand over a certain amount of money in foreign currency to these companies. The Dubai-based companies remain in touch with their business partners in Pakistan via phone, telex, Skype, Viber, WhatsApp, Tango or email, who at an appropriate time deliver the requested amount in local currency to local handler/s of terrorism in Pakistan. Their clients or handlers maintain benami accounts in various banks across Pakistan. These local handlers may be a member or leader or kingpin of any terrorist outfit involved in sabotage activities in Pakistan. If government moves in right direction to unplug terror funding, most of the terrorist organizations will die of their own death.
pakistan.shafaqna.com
