Combatting Terrorist Financing (TF) is a legal responsibility, not merely a social obligation, ignorance of the law is not a defence. Banks form a frontline part of India’s counter-terrorism framework, as illicit funds often attempt to enter the financial system through banking channels. Given the large branch networks, staff at every level serve as the first line of defence, creating a need to train all, build awareness, and ensure accountability. Effective prevention depends on knowledge, attention to red flags, and timely escalation of suspicious activity.

This module explains the sources, methods of TF, the key differences between TF and money laundering, and highlights red flags and typologies. It also discusses examples of terrorist networks and high-risk jurisdictions, and outlines reporting obligations to the FIU-IND, demonstrating how each report carries critical information to connect the dots and enable action. The module further covers the role of technology, case studies, and key challenges in detecting TF risks.

About the Trainer

Himanshu Vasa

Empaneled Trainer

Himanshu Vasa is Former President & Chief Compliance Officer (CCO) of Kotak Mahindra Bank with over 34 years of strategic and operational leadership in banking, financial services, and consulting. His expertise in corporate governance, regulatory compliance, enterprise risk management, and strategic transformation and ability to resolve regulatory and operational challenges has earned him the Certificate of Recognition of Excellence at the CFO 100 awards function for 7 consecutive years.