Use of False Identification in Terrorism Financing

Use of False Identification in Terrorism Financing

An STR was reported to FMU by ABC Bank on MW s/o SM which was one of the fake identities of an individual AM. During analysis it was observed that the suspect opened his personal account with the ABC bank for saving purpose and declared himself as Freelancer engaged in business of real estate and cars.

During analysis it was revealed that suspect had received funds via different modes of transactions from different individuals maintaining accounts at different banks. The funds were mostly utilized via ATM and transfers transactions. It was further observed that suspect had transferred PKR 2 Million of funds to a real estate agent. While conducting FMU database search two accounts of real estate agent accounts were also identified. Keeping in view the analysis and finding the financial intelligence was shared with Federal Investigation Agency (FIA) and State Bank of Pakistan (SBP).

Upon receipt of financial intelligence from FMU, FIA’s Counter Terrorism Wing initiated an investigation wherein it was identified that the person “MW” in respect of whom financial intelligence was generated by FMU was infact a leader of a terrorist organization and his actual name was “AM” (as per media reports killed by US drone attack), who was also designated under UNSCR 1267. It was further revealed that he had also got issued 02 more fake identification cards with fake particulars and, subsequently, indulged in real estate business under these fake identities. (A separate case was registered by FIA whereby accused involved in facilitating the accused AM in getting fake identity cards was convicted).

The investigation team unearthed various immovable properties worth of Rs. 100 million approx. (as per current market rates) and 03 bank accounts with balance of Rs. 1.5 million of the accused procured under fake identity.