A two-day international ministerial conference on ways to combat terrorist financing will begin on Friday in New Delhi. The conference is expected to be attended by representatives of 78 countries and international bodies.

Secretary, Ministry of External Affairs, Sanjay Verma, Director General of NIA, Dinkar Gupta, gave this information at a press conference on Thursday. Various topics including new methods of terrorist funding will be discussed during the conference. China has also been invited to the conference.

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The ‘No Money for Terror Ministerial Conference on Counter-Terrorism Financing’ is being organised by the Ministry of Home Affairs and is likely to be inaugurated by Prime Minister Narendra Modi and will be attended by Union Home Minister Amit Shah, among others.

Regarding the conference, Director General (DG) of National Investigation Agency (NIA) Dinkar Gupta said, social media platforms are used as crowdfunding platforms. The money raised from such sources is ultimately used for terrorist purposes. This is an issue that needs to be discussed.

The DG of NIA further informed that hawala money and new methods of terror funding will be discussed in the conference. More than twenty ministers from all countries are participating in the conference. There is no doubt that there has been a drastic reduction in terrorism and violent extremism, Gupta said, but the battle has to be fought.

He pointed out that this is due to various factors like global trends in terrorism and terrorist financing, use of formal and informal channels of funding for terrorism, use of ‘Hawala’ or ‘Hundi’ networks, emerging technologies and international cooperation to address terrorist financing and challenges. topics will be discussed.

Ministry of External Affairs Secretary Sanjay Verma said the participating countries will also deliberate on how to effectively implement the standards mandated by the Financial Action Task Force (FATF) and the UN list on terrorist groups and terrorists . India has faced terrorism and its financing in many forms for more than three decades, so it equally understands the pain and trauma of affected countries.

The discussion at the ‘No Money for Terror’ conference will focus on global trends in terrorism and terrorist financing, use of formal and informal channels of funding for terrorism, emerging technologies and international cooperation needed to address terrorist financing and related challenges, he said. Told.

Discussion on global trends in terrorism and terrorist financing will include trends in terror financing in South Asia, global terrorist threats, the potential for global terrorist organisations to expand, and recent trends in combating terrorist financing. money laundering risk.