Latest news with #TF
NDTV
08-07-2025
- Business
- NDTV
E-Commerce Platforms, Online Payments Abused For Terror Financing: Watchdog
New Delhi: Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments". "Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support, or the provision of training," the Financial Action Task Force (FATF)said. In June, the FATF, while condemning the April 2025, Pahalgam terror attack, in which 26 people killed, and saying such attacks would not have been possible without financial support, had said it would come out with a "comprehensive analysis of terrorist financing", compiling cases provided by its global network consisting 200 jurisdictions. Giving the case study of use of e-commerce platform for procurement of materials for terrorist attack in India, the FATF said a key component of the improvised explosive device used in the attack -- aluminum powder -- was procured through the EPOM Amazon. This material was used to enhance the impact of the blast. In February 2019, a suicide bombing targeted a convoy of Indian Security forces in Pulwama in Jammu & Kashmir, resulting in the deaths of 40 soldiers. India's authorities concluded that the attack was orchestrated by Jaish-I-Mohammed (JiM). As a result of the investigation, 19 individuals were charged under relevant provisions of the Unlawful Activities (Prevention) Act, including sections related to TF. Among those charged were seven foreign nationals, including the suicide bomber. LEAs also recovered moveable and immovable assets connected to the attack, such as vehicles and terrorist hideouts. Indian authorities have repeatedly highlighted Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement. India has consistently held that Pakistan has given safe haven to designated terrorists and according to sources, India views that such action by Pakistan warrants that the country be put in the "grey list" of the FATF. The FATF report flagged that terrorists have been abusing e-commerce platforms and online marketplaces and said terrorists have used such platforms for their operational procurement (equipment, weapons, chemicals, 3D-printing material). EPOMs can also be used by terrorists to sell items to finance their projects and operations, including lower value items that were previously not in demand. "EPOMs can be used for fund-moving purpose inspired by trade-based money laundering schemes. Traded goods can indeed offer disguise to value being transferred from an accomplice to another member of the network. In such scheme, the first actor would purchase items, send them to his accomplice through an EPOM, for the latter to sell items in another jurisdiction and use profit to finance terrorism," the FATF said. The FATF in its update on TF risks also highlighted the methods used to raise, move, and manage funds and other assets for terrorist financing purposes and said online fund transfers using payment services platform offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers. Giving a case study on the use of online payment service and VPNs to fund lone actor terrorist act, the FATF cited the April 3, 2022, Gorakhnath Temple attempted breach incident wherein an individual, influenced by Islamic State in Iraq and the Levant (ISIL) ideology, attacked security personnel leading to immediate arrest. The financial investigation revealed that the individual transferred Rs 669,841 (USD 7,685) via PayPal to foreign countries in support of ISIL, using international third-party transactions and using VPN services to obscure the IP address. He also received Rs 10,323.35 (USD 188) from a foreign source. Further financial scrutiny uncovered that the accused had made a payment to a VPN provider through his bank account to secure these services. A comprehensive analysis of the accused's PayPal transactions, obtained via email, indicated that about 44 international third-party transactions totalling Rs 669,841 (approximately USD 7,736) had been made to foreign accounts. Additionally, the accused received funds from a foreign account through PayPal. The investigation also uncovered that the accused had sent money to multiple individuals identified as ISIL followers in foreign jurisdictions to support terrorist activities. "Due to the suspicious nature of these transactions and the potential for TF, PayPal suspended the accused's account, thereby preventing further illicit fund transfers," the FATF said in the case study as sourced from India's finance ministry. "As the offer of online payment services from Fintech companies grew substantially over the last 10 years, cases of terrorists opting for those services can be observed across all contexts, especially as it offers an opportunity to diversify fund-moving channels. "These payment services also appear attractive for terrorist organisations for the low-cost and fast money transfer solutions they offer, with possibility for enhanced opacity on initiators and beneficiaries through pseudonyms or fake accounts," the FATF said. The FATF said Europol assesses that services are commonly used across all types of terrorist organisations. In cases involving small terrorist cells, FTFs (Foreign Terrorist Fighter), and other individual terrorists, P2P payment services have been used for procurement of military equipment, chemical components, or propaganda materials on e-commerce platforms (EPOMs). Delegations also report that EoRMT (Ethnically or Racially Motivated Terrorism) groups use peer-to-peer payment systems to sell merchandising, items conveying extremist ideologies (books, music, clothes) to sympathisers, constituting a central source of revenue for those organisations. "Such online payment services can also be used to convey donations to larger organisations, especially in the extent that some payment mechanisms are directly integrated into social networks and content hosting services. In those cases, a single platform can be used to recruit donators, launch a crowdfunding campaign, and proceed to the transfer of funds through an online payment service. "As it was mentioned regarding credit cards, online payment services offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers," it added.
Economic Times
08-07-2025
- Business
- Economic Times
E-comm platforms, online payments services being abused for terror financing: FATF
TIL Creatives Representational Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments". "Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support, or the provision of training," the Financial Action Task Force (FATF)said. In June, the FATF, while condemning the April 2025, Pahalgam terror attack, in which 26 people killed, and saying such attacks would not have been possible without financial support, had said it would come out with a "comprehensive analysis of terrorist financing", compiling cases provided by its global network consisting 200 jurisdictions. Giving the case study of use of e-commerce platform for procurement of materials for terrorist attack in India, the FATF said a key component of the improvised explosive device used in the attack -- aluminum powder -- was procured through the EPOM Amazon. This material was used to enhance the impact of the blast. In February 2019, a suicide bombing targeted a convoy of Indian Security forces in Pulwama in Jammu & Kashmir, resulting in the deaths of 40 soldiers. India's authorities concluded that the attack was orchestrated by Jaish-I-Mohammed (JiM). As a result of the investigation, 19 individuals were charged under relevant provisions of the Unlawful Activities (Prevention) Act, including sections related to TF. Among those charged were seven foreign nationals, including the suicide bomber. LEAs also recovered moveable and immovable assets connected to the attack, such as vehicles and terrorist hideouts. Indian authorities have repeatedly highlighted Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement. India has consistently held that Pakistan has given safe haven to designated terrorists and according to sources, India views that such action by Pakistan warrants that the country be put in the "grey list" of the FATF. The FATF report flagged that terrorists have been abusing e-commerce platforms and online marketplaces and said terrorists have used such platforms for their operational procurement (equipment, weapons, chemicals, 3D-printing material). EPOMs can also be used by terrorists to sell items to finance their projects and operations, including lower value items that were previously not in demand. "EPOMs can be used for fund-moving purpose inspired by trade-based money laundering schemes. Traded goods can indeed offer disguise to value being transferred from an accomplice to another member of the network. In such scheme, the first actor would purchase items, send them to his accomplice through an EPOM, for the latter to sell items in another jurisdiction and use profit to finance terrorism," the FATF said. The FATF in its update on TF risks also highlighted the methods used to raise, move, and manage funds and other assets for terrorist financing purposes and said online fund transfers using payment services platform offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers. Giving a case study on the use of online payment service and VPNs to fund lone actor terrorist act, the FATF cited the April 3, 2022, Gorakhnath Temple attempted breach incident wherein an individual, influenced by Islamic State in Iraq and the Levant (ISIL) ideology, attacked security personnel leading to immediate arrest. The financial investigation revealed that the individual transferred Rs 669,841 (USD 7,685) via PayPal to foreign countries in support of ISIL, using international third-party transactions and using VPN services to obscure the IP address. He also received Rs 10,323.35 (USD 188) from a foreign source. Further financial scrutiny uncovered that the accused had made a payment to a VPN provider through his bank account to secure these services. A comprehensive analysis of the accused's PayPal transactions, obtained via email, indicated that about 44 international third-party transactions totalling Rs 669,841 (approximately USD 7,736) had been made to foreign accounts. Additionally, the accused received funds from a foreign account through PayPal. The investigation also uncovered that the accused had sent money to multiple individuals identified as ISIL followers in foreign jurisdictions to support terrorist activities. "Due to the suspicious nature of these transactions and the potential for TF, PayPal suspended the accused's account, thereby preventing further illicit fund transfers," the FATF said in the case study as sourced from India's finance ministry. "As the offer of online payment services from Fintech companies grew substantially over the last 10 years, cases of terrorists opting for those services can be observed across all contexts, especially as it offers an opportunity to diversify fund-moving channels. "These payment services also appear attractive for terrorist organisations for the low-cost and fast money transfer solutions they offer, with possibility for enhanced opacity on initiators and beneficiaries through pseudonyms or fake accounts," the FATF said. The FATF said Europol assesses that services are commonly used across all types of terrorist organisations. In cases involving small terrorist cells, FTFs (Foreign Terrorist Fighter), and other individual terrorists, P2P payment services have been used for procurement of military equipment, chemical components, or propaganda materials on e-commerce platforms (EPOMs). Delegations also report that EoRMT (Ethnically or Racially Motivated Terrorism) groups use peer-to-peer payment systems to sell merchandising, items conveying extremist ideologies (books, music, clothes) to sympathisers, constituting a central source of revenue for those organisations. "Such online payment services can also be used to convey donations to larger organisations, especially in the extent that some payment mechanisms are directly integrated into social networks and content hosting services. In those cases, a single platform can be used to recruit donators, launch a crowdfunding campaign, and proceed to the transfer of funds through an online payment service. "As it was mentioned regarding credit cards, online payment services offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers," it added.
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Business Standard
08-07-2025
- Business
- Business Standard
E-comm, online payment platforms being abused for terror financing: FATF
Global terror financing watchdog FATF on Tuesday cited the February 2019 Pulwama terror attack, which killed 40 CRPF personnel, and the 2022 Gorakhnath Temple incident to say that e-commerce platforms and online payment services are being misused for terror financing. In its 'Comprehensive Update on Terrorist Financing Risks', the FATF also flagged 'state sponsorship of terrorism' and said a variety of publicly available sources of information and delegations' inputs to this report indicate that "certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments". "Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support, or the provision of training," the Financial Action Task Force (FATF) said. In June, the FATF, while condemning the April 2025, Pahalgam terror attack, in which 26 people killed, and saying such attacks would not have been possible without financial support, had said it would come out with a "comprehensive analysis of terrorist financing", compiling cases provided by its global network consisting 200 jurisdictions. Giving the case study of use of e-commerce platform for procurement of materials for terrorist attack in India, the FATF said a key component of the improvised explosive device used in the attack -- aluminum powder -- was procured through the EPOM Amazon. This material was used to enhance the impact of the blast. In February 2019, a suicide bombing targeted a convoy of Indian Security forces in Pulwama in Jammu & Kashmir, resulting in the deaths of 40 soldiers. India's authorities concluded that the attack was orchestrated by Jaish-I-Mohammed (JiM). As a result of the investigation, 19 individuals were charged under relevant provisions of the Unlawful Activities (Prevention) Act, including sections related to TF. Among those charged were seven foreign nationals, including the suicide bomber. LEAs also recovered moveable and immovable assets connected to the attack, such as vehicles and terrorist hideouts. Indian authorities have repeatedly highlighted Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement. India has consistently held that Pakistan has given safe haven to designated terrorists and according to sources, India views that such action by Pakistan warrants that the country be put in the "grey list" of the FATF. The FATF report flagged that terrorists have been abusing e-commerce platforms and online marketplaces and said terrorists have used such platforms for their operational procurement (equipment, weapons, chemicals, 3D-printing material). EPOMs can also be used by terrorists to sell items to finance their projects and operations, including lower value items that were previously not in demand. "EPOMs can be used for fund-moving purpose inspired by trade-based money laundering schemes. Traded goods can indeed offer disguise to value being transferred from an accomplice to another member of the network. In such scheme, the first actor would purchase items, send them to his accomplice through an EPOM, for the latter to sell items in another jurisdiction and use profit to finance terrorism," the FATF said. The FATF in its update on TF risks also highlighted the methods used to raise, move, and manage funds and other assets for terrorist financing purposes and said online fund transfers using payment services platform offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers. Giving a case study on the use of online payment service and VPNs to fund lone actor terrorist act, the FATF cited the April 3, 2022, Gorakhnath Temple attempted breach incident wherein an individual, influenced by Islamic State in Iraq and the Levant (ISIL) ideology, attacked security personnel leading to immediate arrest. The financial investigation revealed that the individual transferred ₹669,841 ($7,685) via PayPal to foreign countries in support of ISIL, using international third-party transactions and using VPN services to obscure the IP address. He also received ₹10,323.35 ($188) from a foreign source. Further financial scrutiny uncovered that the accused had made a payment to a VPN provider through his bank account to secure these services. A comprehensive analysis of the accused's PayPal transactions, obtained via email, indicated that about 44 international third-party transactions totalling ₹669,841 (approximately $7,736) had been made to foreign accounts. Additionally, the accused received funds from a foreign account through PayPal. The investigation also uncovered that the accused had sent money to multiple individuals identified as ISIL followers in foreign jurisdictions to support terrorist activities. "Due to the suspicious nature of these transactions and the potential for TF, PayPal suspended the accused's account, thereby preventing further illicit fund transfers," the FATF said in the case study as sourced from India's finance ministry. "As the offer of online payment services from Fintech companies grew substantially over the last 10 years, cases of terrorists opting for those services can be observed across all contexts, especially as it offers an opportunity to diversify fund-moving channels. "These payment services also appear attractive for terrorist organisations for the low-cost and fast money transfer solutions they offer, with possibility for enhanced opacity on initiators and beneficiaries through pseudonyms or fake accounts," the FATF said. The FATF said Europol assesses that services are commonly used across all types of terrorist organisations. In cases involving small terrorist cells, FTFs (Foreign Terrorist Fighter), and other individual terrorists, P2P payment services have been used for procurement of military equipment, chemical components, or propaganda materials on e-commerce platforms (EPOMs). Delegations also report that EoRMT (Ethnically or Racially Motivated Terrorism) groups use peer-to-peer payment systems to sell merchandising, items conveying extremist ideologies (books, music, clothes) to sympathisers, constituting a central source of revenue for those organisations. "Such online payment services can also be used to convey donations to larger organisations, especially in the extent that some payment mechanisms are directly integrated into social networks and content hosting services. In those cases, a single platform can be used to recruit donators, launch a crowdfunding campaign, and proceed to the transfer of funds through an online payment service. "As it was mentioned regarding credit cards, online payment services offer less traceability and transparency compared to wire-transfer, making it harder to clearly identify initiators and recipients of transfers," it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Cision Canada
01-07-2025
- Business
- Cision Canada
Breakthrough GameChange Solar Terrain Following System Dramatically Reduces Grading
--Genius Tracker TF ™ now accommodates up to 1.7° post-to-post, enabling the industry's lowest grading requirement on challenging terrain-- NORWALK, Conn., July 1, 2025 /CNW/ -- GameChange Solar, a global leader in solar tracker and fixed-tilt racking systems, announced the next generation of Genius Tracker TF ™, its terrain-following solar tracker. Genius Tracker TF now features exceptional slope adaptability of up to 1.7 degrees between posts. This upgrade allows solar developers to unlock more project sites with difficult topography and dramatically reduce grading costs and environmental impacts by reducing or eliminating grading. "Terrain challenges can be a big barrier to developing utility-scale solar projects," said Derick Botha, Chief Commercial Officer at GameChange Solar. "Genius Tracker TF helps our customers overcome those challenges by offering a tracker solution that works to reduce or eliminate grading by working with the contours of the land." Genius Tracker TF ™ is engineered to conform to natural land contours, eliminating the need for costly grading or complex articulating joints. Its streamlined design boosts profitability by reducing civil work, shortening construction timelines, and minimizing disruptions from elevated work zones. Proven on diverse terrain, TF delivers safe, high-yield performance while supporting faster, more efficient installations on even the most challenging sites. About GameChange Solar GameChange is one of the top three global providers of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 43 GW of solar tracker and fixed tilt systems that combine fast installation, bankable quality, and unbeatable value through superior engineering, innovative design, and high-volume manufacturing. Our products enable solar panels at power plants to follow the sun's movement across the sky and optimize plant performance while protecting the array from damaging weather conditions. For more information, visit
Malaysian Reserve
30-06-2025
- Business
- Malaysian Reserve
Dow Announces INNATE™ TF 220 Precision Packaging Resin and Advances Collaborations to Redefine Packaging Circularity
Collaboration with Liby for PCR integration to scale post-consumer recycled resin adoption in consumer goods INNATE™ TF 220 Resin launch marks breakthrough high density polyethylene innovation supporting design for recyclability, high-performance biaxially oriented polyethylene films for flexible packaging SHANGHAI, June 30, 2025 /PRNewswire/ — Dow (NYSE: DOW) announces significant milestones to mark breakthrough innovation with INNATE™ TF 220 Resin to help enable the design for recyclability and high-performance BOPE films for flexible packaging. From material design to end-of-life solutions, Dow is collaborating with stakeholders across the packaging chain to create impactful, scalable solutions to today's sustainability challenges – transforming vision into commercial reality. 'Asia Pacific is where material science meets circular ambition. Through breakthrough innovations like INNATE™ TF 220 resin—redefining the designed for recyclable packaging performance—and strategic partnerships across the value chain, we are accelerating the shift toward packaging circularity.' said Bambang Candra, commercial vice president, APAC, Dow Packaging & Specialty Plastics. 'This is sustainability in action, helping enable brands to balance performance benefits while scaling mono-material solutions and post-consumer recycled adoption. It's how Dow turns vision into measurable progress, advancing both our partners' goals and the circular economy.' Collaboration with Liby for Post-Consumer Recycled (PCR) Adoption with Scale In collaboration with leading laundry detergent brand Liby, Dow facilitated the integration of 10% REVOLOOP™ Post-Consumer Recycled (PCR) Resin into the packaging of its new generation 'Floral Era' detergent series, aiming to reduce carbon emissions while preserving pack durability. This project demonstrates how Dow's circularity approach can be adapted to practical, high-volume uses without compromising product performance or consumer experience. Zhang Liping, the general manager of Liby Research and Development Center, stated, 'As a leading laundry brand in China, Liby is committed to reconsidering plastic packaging and ensuring its circularity. Our strategic partnership with Dow has led to innovations such as China's first fully recyclable laundry packaging with Dow's INNATE™ TF-BOPE and the new generation 'Floral Era' detergent series using Dow's post-consumer recycled resins. This long-term collaboration enhances the sustainable value of our products and shows our commitment to environmental stewardship and innovation.' INNATE™ TF 220 Precision Packaging Resin from Dow, a Groundbreaking Innovation in Design for Recyclability With lower global curbside recycling rates for flexible packaging, the industry faces a need in balancing high-performance requirements with circular design. Featuring a distinct molecular architecture, INNATE™ TF 220 Resin achieves breakthrough processing efficiency. Key benefits include exceptional extrusion stability and biaxial stretching processability, significantly reducing manufacturing waste. It also enhances end-use performance with improved stiffness, heat resistance to meet stringent downstream requirements such as printing, lamination bag making, while helping enable attractive optical appearance and excellent abusing resistance for mono-material structures. The upgraded performance of TF-BOPE films has already shown its versatility in a variety of real-world circular packaging adoption across priority applications including Food & Beverage packaging, Home & Personal Care packaging, etc., empowering brands to maintain functionality and brand aesthetics while advancing sustainability. The resin's design-for-recyclability ethos has galvanized collaborations across the packaging value chain. Converters and brand owners are leveraging TF-BOPE films to address regional recycling regulations (e.g., China's 'Double Carbon' goals) while future-proofing their portfolios. Shaping the Future of Packaging Together From high-performance packaging with INNATE™ TF 220 resin to recyclable mono-material designs, Dow pioneers closed-loop solutions for the circular economy, meanwhile continuing to accelerate the industry's transition to a circular economy. Dow is committed to collaborating with key stakeholders across the value chain to promote innovative and sustainable packaging solutions. Through investments in circular materials, enhanced recycling technologies, and design for recyclability, Dow continues to drive the development of a materials ecosystem and transform the plastics industry by helping enable a greater design for recyclability, reuse, and resource efficiency. About Dow Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting For further information, visit X | Facebook | LinkedIn | Instagram
