Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Wednesday, September 26, 2018 11:43:33 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Militants get foreign funds

Financial regulation very weak: Experts

By Special Correspondent
Share your thought
Post a comment »
Read all () »

 Local militant groups are successfully raising funds from local and foreign sources, but no effective step has yet been taken to block the funding sources.Even, they are enjoying 'covert' funding support from donations, non-profitable oraganisations and businesses, evading the government scrutiny, sources said.The issue of militant financing came to the fore after the sophisticated militant attack on a café in Dhaka that left 28 people dead, including 18 foreigners.Gunmen entered the Café with sophisticated arms and ammunition to carry out the massacre, renewing the question of funding sources of local militant groups."Homegrown militant organisations, including Jama'atul Mujahedeen Bangladesh (JMB) and Harkat-ul Jihad al Islami (HuJI) acquire funds from various sources. Major funding for these organisations comes from the illegal cross border trade like small arms, narcotics and fake and foreign currencies," an official of Counter Terrorism and Transnational Crime (CTTC) Unit of Police told The New Nation on Sunday, asking not to be named.He said some Gulf nations, neighbouring countries and a section of expatriate Bangladeshis are also contributing to the militant funds.  JMB has around 5000 active sympathisers across the globe who regularly donate part of their earnings to the militant campaign here"Now these groups are getting 'overt and covert' financial support from a religious-based political party, enriching the financial base of the extremist groups," the CTTC official said.The official further said militant groups have been receiving foreign and local funds for years to make new recruits, operate hidden training camps, acquire arms and ammunition, and learning how to use weapons, assemble bombs and stage attacks.When asked, the police official said they have information that spiritual leaders of homegrown militants have travelled to Afghanistan and Syria to gain support from international jihadist groups, including the IS."We are keeping a close coordination with international communities and building up intelligence capability on stemming the tide of illegal financial flow into the country as well as terrorism," he said."Local militant groups are receiving the funds from local and overseas sources," Dr Khondoker Ibrahim Khaled, a former deputy governor of Bangladesh Bank (BB) told The New Nation on Saturday.   Of the funding sources, he said, foreign funds are mostly donations and it is coming though illicit channels. Besides, domestic financing is mobilized from businesses, charitable and non-profitable organisations."Individuals at home and abroad are providing their 'ill gotten' money to the local militant outfits," he said, adding, "They are sending it to alternative systems to evade the government scrutiny".When asked, Ibrahim Khaled said, the issue of obstructing terror and militant financing could not be ignored considering the ongoing wave of the militant attacks in the country."We must stop the source of terrorist funds to root out militancy and terrorism from the country," he said.The former BB deputy governor observed that the country' is yet to make any headway in preventing money laundering and terror financing  due to weak financial regulation and oversights by the concerned agencies."The recent trend of militant attacks suggests that local extremist groups are successfully raising funds from various sources to carry out the attack. They are managing the funds secretly, but regulators are yet to trace the sources of funds and their financiers," Dr Salehuddin Ahmed, former BB governor told The New Nation yesterday.When asked, he said, "We have to reexamine our regulatory policies and practices in regard to stop the sources of militant funds from outside the country."Combating militancy and terrorism is our topmost priority. So, we are sincerely working on the issue," Home Minister M Asaduzzaman Khan Kamal told The New Nation on Saturday."We are not only looking for militant dens but also looking for terrorist funds emanating in the country," he added. The Minister said a number of business firms and non-profit organisations belonging to members of a particular political party have come under the government scrutiny for their alleged link to terror and militant financing."We are keen to annihilate the financial network of extremist groups for firm handling militant political parties and their leaders to root out terrorism militancy from the country," he added. 

Add Rate

News Archive

Inside The New Nation

Sports »

Law leaving West Indies to coach Middlesex

Stuart Law is leaving his role as West Indies head coach to take over at Middlesex from next season, the English county announced on Monday.The former Australia batsman has signed a four-year deal and will begin duties in January following West Indies' tours of India and Bangladesh."It is a great ...

Editorial »

The audacity of Myanmar is only can be answered by an united int`l community

MYANMAR'S powerful army chief says the United Nations has no right to interfere in his country's sovereignty, a week after UN investigators called for him and other top generals to be prosecuted for "genocide" against the Rohingya. Min Aung Hlaing's comments to an army newspaper were his first public reaction ...

City »

BNP Standing Committee Member Barrister Moudud Ahmed, among others, at a youth rally organised by Jatiyatabadi Projanmo '71 at the Jatiya Press Club on Tuesday demanding release of BNP Chief Begum Khaleda Zia and election under impartial caretaker government.

Business & Economy »

DORP Founder Nouman attends 3rd World Congress in USA

Business Desk :AHM Nouman the Gusi Peace Prize International Laureate and Founder of Development Organization of the Rural Poor (DORP) will attend the 3rd world congress on Mother and Neonatal Nursing Care in Chicago, USA. The two-day long congress will be held on September 26-27, 2018, says a media release. ...

International »

After N Korea, Trump targets Iran with `maximum pressure`

AFP, United Nations :One year after mobilizing the international community against North Korea, Donald Trump is trying to force another arch enemy to the negotiating table by targeting Iran with a similar campaign of "maximum pressure."But if North Korea's leader Kim Jong Un has seen his standing with the US ...

International »

US Judge may dismiss Stormy Daniels lawsuit against Trump

Reuters, Los Angeles: President Donald Trump likely had a free-speech right to make a Twitter comment disputing allegations by adult film actress Stormy Daniels, a federal judge said on Monday, indicating he was inclined to dismiss her defamation lawsuit against Trump.Daniels, whose real name is Stephanie Clifford and who has ...

Entertainment »

Ekta Kapoor`s mantra in selecting platforms for content!

Touted as content czarina, Ekta Kapoor is undoubtedly the only female producer who has carved her niche in the industry with utmost excellence. Ekta Kapoor is currently riding high as she is juggling between multiple projects across various mediums. Ekta has set a benchmark when it comes to daily soaps. ...

Editorial »

Maldives' people reject authoritarian rule and voted for democracy

MALDIVES strongman President Yameen Abdul Gayoom conceded that he lost Sunday's election to his challenger Ibrahim Mohamed Solih, in a speech broadcast live on television Monday, according to the international media. Mr Yameen congratulated Solih and said, "I know I have to step down now."  The Election Commission said voter ...

Cricket »

'Rashid is best but not unplayable' says Mahmudullah

Mahmudullah Riyad sorted out a vigorous 74 against Afghanistan rescuing Bangladesh from a plausible downfall.Mahmudullah Riyad and Imrul Kayes stood tall in the middle when the team was languishing losing all five in the top order in a score of 87 on the board. The duo added 128 runs in ...

International »

Thousands attend funeral for Iran attack dead

AFP :Tens of thousands of mourners attended a funeral on Monday in the southwestern Iranian city of Ahvaz for soldiers and civilians killed in an attack on a military parade.Four militants attacked the Saturday parade marking the start of the 1980-1988 Iran-Iraq war, spraying the crowd with gunfire and killing ...

City »

Prime Minister Sheikh Hasina addressing a reception accorded to her by the expatriate Bangladeshis at a hotel in New York on Sunday.

Entertainment »

Mehazabien, Apurba in Puja special play

Sheikh Arif Bulbon :Popular pair of the small screen of present time Mehazabien Chowdhury and Ziaul Faruk Apurba worked together in a special play of Durga Puja for the first time. Title of the play is Priyo Tumi. Directed by Mahmudur Rahman Himi story of the play is written by ...

Editorial »

Attack on Iran`s elite guards

IRANIAN Supreme Leader Ayatollah Ali Khamenei accused US-backed Gulf Arab states of carrying out a shooting attack on a military parade that killed 25 people, almost half of them members of the country's elite Revolutionary Guards. Khamenei ordered security forces to bring to justice those responsible for one of the ...

Sports »

Bertens defeats Tomljanovic to secure Korea Open win

AFP, Seoul :Kiki Bertens defeated Australia's Ajla Tomljanovic in the Korea Open final on Sunday, securing her third WTA Tour singles title of the season to continue her career-best year.The second-seeded Bertens came back from break down in the deciding set to defeat the Australian in two hours and 22 ...

International »

World leaders gather at UN under threat from unilateralism

AP, United Nations :With rising unilateralism challenging its very existence, the United Nations convenes its annual meeting of world leaders Monday and will try once more to tackle problems together as a community of nations, addressing threats ranging from Mideast conflicts to the effects of global warming - and also ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news