Pakistan-based terror group Lashkar-e-Taiba's (LeT) frontal organisation Falah-e-Insaniyat Foundation, established by India's most-wanted terrorist Hafiz Saeed, remains active in the cyberspace despite being designated by the UN, Union Minister G Kishan Reddy said on Friday.
Terror organisations in some countries are also misusing not-for-profit organisations (NPOs) to propagate fundamentalism and radicalisation as well as move funds to further their interests, he said.
Mr Reddy was addressing a gathering on the second day of the "No Money for Terror" conference in Melbourne in Australia.
The Union minister of state for home, at a round table discussion on "Emerging Technologies and Terrorism Financing Risk", reminded the gathering of the cyber activities of the Falah-e-Insaniyat Foundation, stating that "despite being designated, it is active in the cyber world".
Falah-e-Insaniyat Foundation founder Hafiz Saeed is also the chief of the Lashkar-e-Taiba.
Presenting India's third intervention on the usage of NPOs in radicalisation and terror financing, Mr Reddy said India's experience testifies the fact that terror organisations in some countries are misusing NPOs to propagate fundamentalism, radicalisation and also to move funds to further the interests of terrorist organisations.
"Some NPOs are being misused for fund raising at the international level and moving the funds internationally, in the garb of donations and charities," he said.
Stressing on the need to focus on countering radicalisation, the minister pointed out the strict action taken against the Islamic Research Foundation (IRF), a Mumbai based so-called charity organisation founded by terror accused Zakir Naik.
The IRF has been declared a banned organisation by the government for its alleged involvement in propagating terror agenda.
The minister explained to the gathering that "IRF collected millions of rupees through charities and donations worldwide and used the funds to spread radical thoughts".
Referring to the use of cyber space for terrorism, he said India's investigations have revealed that dreaded Middle-East terror group ISIS has used encrypted platforms and the dark web to radicalise people and recruit terrorists.
Mr Reddy also highlighted the use of cryptocurrency in terror financing.
While presenting India's views on issues related to terror financing, he assured delegates that the government of India is fully committed to implement financial action task force standards and establish effective anti-money laundering and countering financing of terrorism regimes to dismantle and disrupt terror-financing networks.
Stressing the use of blockchain-based crypto currencies in the Indian context, the minister explained that "virtual assets, especially crypto currencies offer certain unique advantages to criminals because of their pseudonymous nature, encryption, global reach and low-cost".
Explaining India's experience with regard to use of the cyberspace by terrorists, he said some of India's investigations have revealed that ISIS had used encrypted platforms and the dark web for radicalisation and recruitment of terrorists, as well as to guide them on how to mobilise funds, purchase weapons and carry out attacks.
Mr Reddy is leading a high-powered five-member delegation, including Director General of the National Investigation Agency YC Modi, at the international conference, being attended by 65 countries.
The "No Money For Terror" conference is organised by Financial Intelligence Units of over 100 countries, jointly called The Egmont Group.