
Terrorists are devising new methods to move money around and finance their attacks, including purchase of prepaid merchandise cards, using cell phones and the Internet, a British expert told the Air India inquiry.
8220;Organisations and individuals involved in terror cells are buying prepaid merchandise cards and using cell phones and the Internet to buy items and transfer money,8221; Det. Insp. Paul Newham of the National Terrorist Financial Investigation Unit said.
The agency is always working to stay on top of new technologies and forms of terrorist financing, Newham told the Air India Inquiry Commission, headed by Justice John Major, in Ottawa on Thursday.
8220;Right now, the United Kingdom is seeing a flurry of activity around prepaid cards, which are the type of instrument you can obtain anonymously,8221; Newham was quoted as saying in the Vancouver Sun.
8220;Any product is vulnerable both to money laundering and to terrorist financing,8221; the expert added.
He said terrorists follow general consumer trends which can be used to cover up transactions, the paper reported.
8220;A trend we are going to see in the future is over the use of mobile phones to pay for products, services, etc,8221; he testified before the Commission.
The inquiry into the 1985 Kanishka bombing which claimed 329 lives, is looking at the extent of terrorism financing in Canada and what is being done about the problem.