India to host ‘No Money for Terror Conference’ next week

India to host ‘No Money for Terror Conference’ next week

New Delhi: India will host the 3rd ‘No Money For Terror’ Ministerial Conference on Counter-Terrorism Financing here on 18-19 November with likely participation of around 75 countries.

The hosting of this conference shows the importance being given by the Modi Government to the issue of international terrorism as well as its zero tolerance policy against this menace and having discussions on this issue in the international community, the Ministry of Home Affairs said in a release.

Home Minister Amit Shah will be participating in the conference and he will convey India’s determination in its fight against terrorism as well as its support systems for achieving success against it, it added.

This Conference aims to progress the discussions on combating terrorist financing held by the international community in the previous two Conferences in Paris (2018) and Melbourne (2019).

It also intends to include discussions on technical, legal, regulatory and cooperation aspects of all facets of terrorism financing.

The Conference attempts to also set the pace for other high level official and political deliberations, focused on countering terrorist financing.

Globally, countries have been affected by terrorism and militancy for several years.

The Home Ministry said that the pattern of violence differs in most theatres, but is largely engendered by a tumultuous geo-political environment, coupled with prolonged armed sectarian conflicts.

Such conflicts often lead to poor governance, political instability, economic deprivation and large ungoverned spaces.

The Ministry further said that the involvement of a compliant State often exacerbates terrorism, especially its financing.

India has suffered several forms of terrorism and its financing over more than three decades, hence it understands the pain and trauma of similarly impacted nations.

In order to display solidarity with peace-loving nations and to help create a bridge for sustained cooperation on countering terrorist financing, India was host to two global events in October – the annual General Assembly of the Interpol in Delhi and a special session of the UN Counter Terrorism Committee in Mumbai and Delhi.

The forthcoming NMFT Conference will further our efforts to build understanding and cooperation amongst nations.

According to the Ministry, discussions at the 3rd ‘No Money For Terror’ Conference will be focussed on global trends in terrorism and terrorist financing, use of formal and informal channels of funds for terrorism, emerging technologies and terrorist financing and requisite international co-operation to address related challenges.

The Conference intends to bring together representatives of 75 countries and international bodies for extended deliberations over two days.

UNI

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