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Counter-Terrorism Financing Summit 2016 in Indonesia pledges to cut sources of Terror Funding

73 Malaysian nationals have joined or attempted to join extremist groups in Syria and Iraq, and at least 19 have been killed

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A picture from the summit Image source: straitstimes.com
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  • The Counter-Terrorism Financing (CTF) Summit was held from August 8- 11 August 2016
  • The summit was held in Bali, Indonesia and was co-hosted by Australia’s and Indonesia’s financial intelligence agency
  • Several countries have pledged to cooperate in strengthening intelligence efforts by cutting off funding sources of terrorists, even if they change their methods

Nusa Dua, Indonesia, August 14, 2016: The Counter-Terrorism Financing (CTF) Summit that was held from August 8 – 11 August 2016 brought together leaders and experts in counter-terrorism financing and financial intelligence from 26 nations to deliver the first Regional Risk Assessment on Terrorism Financing.

The summit was held in Bali, Indonesia and was co-hosted by AUSTRAC, Australia’s financial intelligence agency and its Indonesian counterpart financial intelligence unit Pusat Pelaporan Dan Analisis Transaksi Keuangan (PPATK). They co-led the research and development of the regional risk assessment, with contributions from the FIUs of Malaysia, the Philippines, Singapore and Thailand. With all the reports, they were successful in identifying and understanding the full extent of the threats posed by terrorism financing in the region of Southeast Asia and the Australian region.

With all the reports, they were successful in identifying and understanding the full extent of the threats posed by terrorism financing in the region of Southeast Asia and the Australian region. The four major financial risks to the region were identified as- self-funding from legitimate sources, at-risk non-profit organisations (NPO), fundraising through social media and crowdsourcing, and criminal activity. The risks were assessed in a 48-page document titled- the Terrorism Financing Regional Risk Assessment 2016 report that was published at the meeting.

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When one path is disrupted, terrorists adapt and change their financing methods. Now, the use of stored value cards has increased. The cards can be loaded with cash or through any non-reportable electronic method and easily carried to another country. Cards can be reloaded remotely and anonymously by third parties, meaning that the face value of some cards can understate their value, said the Benar News report.

The report stated that Indonesia is at high-risk zone for each of the four sources. Malaysia for self-funding from legitimate sources and fundraising through social media; while Thailand is at high-risk for self-funding and also at-risk through non-profit organisations.

According to Benar News report, Indonesia faces a high threat of terrorism due to the involvement of Indonesians in the ongoing conflicts in Syria and Iraq, while the status of risk in Malaysia elevated because of threats posed by IS and foreign terrorists.

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Bali summit agrees to stronger collaboration to combat terrorism financing Image Source: thejakartapost.com
Bali summit agrees to stronger collaboration to combat terrorism financing Image Source: thejakartapost.com

“Malaysia continues to be a transit country for recruits for terrorist groups active in other countries,” the report said. 73 Malaysian nationals have joined or attempted to join extremist groups in Syria and Iraq, and at least 19 have been killed, reported Benar News.

The primary method for a tactical, short-term purposes for small-scale attacks in Malaysia is self-funding. The report also stated that a terror group in Indonesia used legitimately sourced funds to finance military training.

Though Non-Profit Organizations (NPOs) in Thailand have diverted money to fund various groups in the country’s Deep South, the level of misuse of NPOs to fund terrorists is lower than expected across the region, stated the report.

Malaysia’s efforts to eradicate terror funding was praised. “in contrast to many regional countries, Malaysia has conducted a comprehensive risk assessment of the sector and has adopted target approaches to risk mitigation.”

Calling the online faction of terrorist funding largely opportunistic, the report states that terrorists are more likely to use it for communication to solicit and broadcast calls for funding rather than actually collecting funds through social media.

Criminal activities such as kidnapping for ransom, theft and robbery remain a key source for funding terrorist groups. The report stated, militants in Indonesia rely on the violent robbery to raise funds while in Thailand, they mainly depend on extortion to raise funds, though they also steal cars and smuggle oil to raise money.

Several countries have pledged to cooperate in strengthening intelligence efforts by cutting off funding sources of terrorists, even if they change their methods. They have outlined a roadmap to combat terrorism in the next Summit that is slated to be held in Malaysia, next year, in 2017.

– prepared by Ajay Krishna of NewsGram. Twitter: @ajkrish14

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Australia Proposes To Strengthen Regulations of Facebook, Google

Facebook has 17 million monthly users in Australia -- 68 per cent of its population -- while Instagram, second most popular site in terms of users - which is owned by Facebook, has 11 million users

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Australia recommends strengthening regulation of Facebook, Google. Pixabay

The Australian Competition and Consumer Commission (ACCC) on Monday proposed measures to counter the dominant market positions of Google and Facebook and strengthen monitoring on their access to information, advertising and consumers personal data.

The regulatory body, which recommended 11 preliminary measures in the report, was directed to conduct a public inquiry into the impact of digital search engines, social media platforms and other digital content in 2017 by then treasurer and current Prime Minister Scott Morrison.

“Acting as an intermediary between consumers and news outlets, platforms are inherently influential in shaping consumers’ choices of digital journalism,” said the report cited by Efe news.

This influential position and filtration of news items could place the consumer in a so-called filter bubble, increasing the risk of consumers being exposed to unreliable news, according to the report.

“The algorithms operated by each of Google and Facebook, as well as other policies, determine which content is surfaced and displayed to consumers in news feed and search results,” it said.

“The ACCC considers that the strong market position of digital platforms like Google and Facebook justifies a greater level of regulatory oversight,” Chair Rod Sims said.

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Facebook, social media. Pixabay

The commission called for the creation of a regulatory authority with powers to monitor these digital platforms and recommended establishing an automatic mechanism to take down content that violates copyright.

The ACCC said consumers should be informed about the manner in which these platforms collect and use their data to create personalized advertising.

This would include a reform of privacy laws to require the user’s express consent to data collection and “enable consumers to require erasure of their personal information where they have withdrawn their consent”.

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ACCC said that it found that “competition may have been distorted in multiple sectors where consumer data is used”.

Facebook has 17 million monthly users in Australia — 68 per cent of its population — while Instagram, second most popular site in terms of users – which is owned by Facebook, has 11 million users.

In 2017, Google registered 90 per cent of search traffic originating from Australian desktops and 98 per cent from mobile phones. (IANS)