Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, July 23, 2019 05:34:50 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Militants get foreign funds

Financial regulation very weak: Experts

By Special Correspondent
25th-Jul-2016       
Comments
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. 

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Stand beside flood-hit people


DIFFERENT kinds of waterborne diseases have begun spreading as floodwater started receding across the country. But in the post-flood scenario, many people are suffering from diarrhoea, skin diseases, dysentery, cholera and other waterborne diseases. Officials of the Flood Forecasting and Warning Centre said the flood situation may continue improving in ...

Sports »

Lowry weathers storm to win British Open and first major


Ireland's Shane Lowry withstood howling wind and rain to win his first major at the British Open by six shots from Tommy Fleetwood on Sunday, describing the achievement as "an out-of-body experience".In desperately difficult conditions, Lowry's one-over par final round was still more than enough as he finished on 15-under ...

International »

UK leadership favourite Johnson hits more turmoil on last voting day


AFP :Britain's leadership contest entered its finale Monday with the favourite Boris Johnson facing more defections from ministers over his Brexit plan.The month-long contest between former London mayor Johnson and Foreign Secretary Jeremy Hunt is being decided by fewer than 200,000 grassroots members of the governing Conservative Party.The winner will ...

International »

Zelensky party heads for absolute majority in Ukraine


AFP :Ukraine's comedian-turned-president Volodymyr Zelensky is set to control an absolute majority in parliament, ushering in a generational shift in the ex-Soviet country's political arena.The 41-year-old became Ukraine's youngest ever post-Soviet leader when he took office two months ago and has promised to stamp out corruption and end a separatist ...

City »

Prime Minister Sheikh Hasina presenting National Fisheries Award to Mostofa Al Rajib, Upazila Fisheries Officer, Betagi , Barguna for the latter's contribution in Fisheries Sector at a ceremony held recently in the auditorium of Krishibid Institution, Bangladesh in the city on the occasion of National Fisheries Week.


Entertainment »

Mamo under Tauquir’s direction, Bipasha’s story


Sheikh Arif Bulbon :As an actress, in the beginning of her career, Zakia Bari Mamo got the National Film Award to act in Tauquir Ahmed-directed movie Daruchini Dwip. For this reason, Mamo always respects to Tauquir Ahmed. Now she is a matured actress who always wants to work in challenging ...

Editorial »

Taking law in own hand is an ominous sign


MOBS beat to death five people, including two women, and injured 10 others on suspicion of being child kidnappers across the country on Saturday. The incidents happened just a day after three people were beaten by a mob in Thakurgaon. Incidents of mob beating have increased even after the Bridges ...

International »

Abe on course to retain majority in upper house election


AFP, Tokyo :Japanese voters cast ballots Sunday in an upper house election, with Shinzo Abe's ruling bloc looking to protect its majority and keep on track plans to amend the country's pacifist constitution.The 64-year-old Abe, who is on course to become Japan's longest-serving prime minister, is also hoping to shore ...

Entertainment »

Mehazabien, Tawsif, Sabila Nur’s Eid drama Better half


Entertainment Report :Few days ago, a drama titled Swapno Dekhi Abaro, directed by Mahmudur Rahman Himi, was made with theme given by popular TV actress Mehazabien Chowdhury. Mehazabien also acted in this play against Shamol Mawla which will be telecasted in upcoming Eid. This time Imraul Rafat has made an ...

Editorial »

Administrative control over ACC only to happy the corrupts


ANTI-GRAFT campaigner Transparency International Bangladesh (TIB) has expressed deep concern and extreme disappointment over the government's decision for making Deputy Commissioners as authorised officers to oversee the Anti-Corruption Commission's work in the districts. The move will undoubtedly restrict the ACC's ability to fight graft and proper investigation into allegations of ...

Sports »

Penny drops for Canada's teen swim queen Oleksiak


Canada's Penny Oleksiak insists she has finally left the "weirdness" of capturing Olympic swimming gold at the tender age of 16 after finally recovering from a lengthy Rio hangover. Oleksiak, who is preparing for the world championships which begin in South Korea this weekend, stunned the sport when she dead-heated ...

International »

Thousands rally in support of Hong Kong police


AP, Hong Kong :Tens of thousands of people rallied in support of Hong Kong's police and pro-Beijing leadership on Saturday, a vivid illustration of the polarisation coursing through the city after weeks of anti-government demonstrations.Hong Kong has been rocked by more than a month of huge and largely peaceful protests-as ...

International »

US offers $7m to find Hezbollah agent as Pompeo visits Argentina


AFP, Buenos Aires :The United States on Friday offered a $7 million reward to find a Hezbollah operative accused of masterminding a deadly 1994 attack on a Jewish center in Buenos Aires, as Secretary of State Mike Pompeo sought to unite Latin American nations against the militants.Pompeo visited to mark ...

Entertainment »

Shilpa Shetty to return to the big screen after twelve years


Shilpa Shetty is all set to make a comeback on the big screen after a gap of twelve years. The actress was last seen in Dharmendra, Sunny and Bobby Deol starrer Apne (2007). Before jetting off on a holiday with family, Shilpa has green lit filmmaker Aziz Mirza's son Haroon ...

Editorial »

Corruption in WASA crosses all limits


THE Anti Corruption Commission has identified eight projects and three areas in Dhaka WASA where corruption takes place. The State enterprise keeps extending deadlines and increasing the costs of its projects to create room for corruption. In many cases, WASA did not carry out its work as per project designs ...

 
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
Email:
Write a comment to this news