NFIU Uncovers How Terrorist Financiers Use Women's Bank Accounts, Crowdfunding in Operations

NFIU uncovers how terrorist financiers use women's bank accounts, crowdfunding in operations

The funds would then be consolidated in a master account before being split into smaller payments and transferred through international money-transfer operators and remittance applications to a network of Nigerian money mules. The post NFIU uncovers how terrorist financiers use women’s bank accounts, crowdfunding in operations appeared first on Premium Times Nigeria.

NFIU: Terrorists use crowdfunding platforms to raise funds

The NFIU also said its analysis showed an increasingly interconnected threat involving financial crime, technology and cross-border activities.

NFIU uncovers foreign crowdfunding network used to finance terrorist operations in Nigeria

NFIU uncovered a foreign crowdfunding network financing terrorism in Nigeria, revealing tactics like women's accounts and ghost SIMs to facilitate illicit funds.

NFIU Uncovers Crowdfunding Network Funding Terrorism

The Nigeria Financial Intelligence Unit has uncovered an emerging crowdfunding network allegedly being used to raise and channel funds for terrorist operations in Nigeria. The NFIU also revealed that terrorist financiers were opening bank accounts in women’s names and using telephone numbers that were not registered to account holders or actual beneficiaries for mobile banking and transaction alerts. The disclosures were contained in the NFIU’s …