Asia Pacific Nations Release First-Ever Regional Assessment of Terror Finance Risks

By Manju Manglani

Islamic State's rise and ongoing crises in Syria and Iraq have increased the likelihood that terrorist groups will raise and move money through Southeast Asia and Australia, six nations said Wednesday. The conclusion comes as part of the region's first-ever multinational assessment of terrorist funding risks, an initiative announced last year and led since by the financial intelligence units of Australia and Indonesia in coordination with officials from Malaysia, Singapore, Thailand and the Philippines. The countries concluded in a 48-page report that the Middle Eastern conflict has energized unaffiliated extremist groups within their borders and raised the odds that Islamic...