Terrorists Channeling Funds Into Southeast Asia, Says Risk Study
- Risk report presented at Bali counter-terror financing summit
- Australia says international terrorism becoming generational
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Security ministers from more than 20 countries meeting in Bali have been told that groups such Islamic State are increasingly channeling funds into Southeast Asia to finance terrorism.
A regional risk assessment jointly prepared by Indonesia, Malaysia, Singapore, Thailand, the Philippines and Australia also warned that the use of charities and non-profit groups to support terrorism was rising. Indonesia’s financial intelligence agency -- the PPATK -- estimates that foreign sources transferred more than $763,000 to fund terrorism in the country between 2014 and 2015.