Financial intelligence agency tracking signs of homegrown terrorism financing:
Those three main themes emerge from the Financial Transactions and
Reports Analysis Centre of Canada’s review of its intelligence
disclosures to police and security agencies from January 2019 to October
2022 related to the funding of terrorist activity.
The federal centre, known as Fintrac, is drawing on the analysis to
help banks and others that handle large sums to better spot shady
transactions linked to terrorism.
For instance, Fintrac says in a newly published operational alert,
transaction details might include references to words, phrases or
numbers linked to violent extremist groups or symbols.
The centre zeroes in on cash linked to terrorism, money laundering
and other crimes by sifting through data from banks, insurance
companies, securities dealers, money service businesses, real estate
brokers, casinos and others.