‘No Money for Terror’ conference to be held next week

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The Third Ministerial ‘No Money for Terror‘ Conference scheduled to be held next week will further India‘s efforts to build understanding and cooperation among nations on this issue, the Ministry of Home Affairs (MHA) said on Saturday. Union home minister Amit Shah will attend the conference on November 18 and 19. It will also be attended by representatives of 75 countries.

“Hosting of the NMFT conference shows the importance being given by the Modi government to the issue of international terrorism as well as its zero tolerance policy against the menace.The conference aims to progress the discussions on combating terrorist financing held by the international 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,” a home ministry statement said.

Globally, countries have been affected by terrorism and militancy for several years. The pattern of violence differs in most theatres but is largely due to the 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 involvement of a complaint 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.

Discussions at the Third Ministerial ‘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 cooperation to address related challenges, the home ministry statement noted.

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