NEW DELHI, Sep 13 (Agencies): Government’s efforts to deal with the menace of terror financing has hit a road block with no
state government sharing information on national risk assessment on threats to various financial institutions and capital market.
Following a recommendation of the Financial Action Task Force (FATF), an inter-governmental body that looks after how to combat money laundering, terrorist financing and other related threats, the Centre set up a working group to assess the terror threat, its vulnerability in banking, insurance, capital market and financing institutions.
The group had sent a letter on August 19 to all state governments and union territories along with the three templates on ‘terrorism threat’, ‘terrorism financing threat’ and ‘terrorism financing vulnerability’ asking them to reply by August 30.
“So far, no response has been received from any of the state governments or union territories,” a senior government official said.
The first template on ‘terrorism threat’ aims to determine the extent of the threat based on the sources as identified through enforcement and intelligence data on terrorism in the jurisdiction and related financing information.
The template collects data on the organisations and individuals that pose terrorism threat to the jurisdiction. It requires information on terrorism cases which includes number of reported or investigated cases, number of convictions, number of international assistance requests received, sent, property damage.
Qualitative information on future trends, other intelligence, the level of terrorism threat – low, medium or high, level of sophistication of operation, organisation average costs of operation, annual operational budget of operation, main income sources, main sectors or channels abused and originating jurisdiction of funds, the impact of terrorism financing threat-low, medium or high are other information which the state governments have to provide.
state government sharing information on national risk assessment on threats to various financial institutions and capital market.
Following a recommendation of the Financial Action Task Force (FATF), an inter-governmental body that looks after how to combat money laundering, terrorist financing and other related threats, the Centre set up a working group to assess the terror threat, its vulnerability in banking, insurance, capital market and financing institutions.
The group had sent a letter on August 19 to all state governments and union territories along with the three templates on ‘terrorism threat’, ‘terrorism financing threat’ and ‘terrorism financing vulnerability’ asking them to reply by August 30.
“So far, no response has been received from any of the state governments or union territories,” a senior government official said.
The first template on ‘terrorism threat’ aims to determine the extent of the threat based on the sources as identified through enforcement and intelligence data on terrorism in the jurisdiction and related financing information.
The template collects data on the organisations and individuals that pose terrorism threat to the jurisdiction. It requires information on terrorism cases which includes number of reported or investigated cases, number of convictions, number of international assistance requests received, sent, property damage.
Qualitative information on future trends, other intelligence, the level of terrorism threat – low, medium or high, level of sophistication of operation, organisation average costs of operation, annual operational budget of operation, main income sources, main sectors or channels abused and originating jurisdiction of funds, the impact of terrorism financing threat-low, medium or high are other information which the state governments have to provide.
334634 756928Hey! I simply wish to give an enormous thumbs up for the great data youve got here on this post. I will likely be coming back to your weblog for a lot more soon. 78419
613887 672748Hello! I would wish to supply a large thumbs up for your excellent info you could have here about this post. Ill be coming back to your blog website for further soon. 808863
867339 284020Wohh exactly what I was searching for, appreciate it for posting . 796142
58102 377280Intersting post and website. Very good that Google listed so i was able to get here. This web site will go no in my bookmarks from now. 361397
259365 964800Must tow line this caravan together with van trailer home your entire family quickly get exposed towards the issues along with reversing create tight placement. awnings 119116
862821 974341Very informative and wonderful bodily structure of content material , now thats user friendly (:. 249434
888572 617151Glad to be 1 of several visitants on this awing web site : D. 243828
617488 315024But wanna say that this really is quite valuable , Thanks for taking your time to write this. 18444
Pingback: https://alenasavostikova.com