NFIU uncovers how terrorist financiers use women’s bank accounts, crowdfunding in operations
Terrorist financiers are opening bank accounts in women’s names and secretly using them to move illicit funds, according to the Nigerian Financial Intelligence Unit (NFIU).
Phone numbers According to the report, facilitators use phone numbers for mobile banking or account alerts that are not registered to the actual account holder or beneficiary.
It added that the recipients could convert the funds to cash, purchase dual-use items or transfer the money through mobile banking to logistics managers and field operatives.
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