Terror groups using hawala for fund transfer into India: FATF

terror-groups-using-hawala-for-fund-transfer-into-india-fatfNEW DELHI: India has seen “quite a few cases” of hawala funds coming in from abroad for terrorist organisations, while such cross-border fund transfers are also taking place for tax frauds, global inter-governmental body FATF said today.

In a report on the role of hawala and other similar service providers in money laundering and terrorist financing, FATF ( Financial Action Task Force) said that “only a few countries like India mentioned that there have been quite a few cases where th ..

The Economic Times

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