Prime Minister Narendra Modi will deliver the inaugural address at the 3rd ‘No Money for Terror’ (NMFT) Ministerial Conference on Counter-Terrorism Financing in New Delhi on Friday.
The two-day conference will offer a unique platform for participating nations and organisations to deliberate on the effectiveness of the current international regime on Counter Terrorism Financing as well as the steps required to address emerging challenges.
The conference will build on gains and learnings of the previous two conferences (held in Paris in April 2018 and in Melbourne in November 2019) and will work towards enhancing global cooperation to deny finances to terrorists and access to permissive jurisdictions to operate.
It will be attended by about 450 delegates from across the world, including ministers, heads of multilateral organisations and Financial Action Task Force (FATF) heads of delegations.
During the Conference, deliberations will be held in four sessions which will focus on ‘Global Trends in Terrorism and Terrorist Financing’, ‘Use of Formal and Informal Channels of Funds for Terrorism’, ‘Emerging Technologies and Terrorist Financing’ and ‘International Co-operation to Address Challenges in Combating Terrorist Financing’.
The hosting of the conference reflects the importance being given by the Modi Government to the issue of international terrorism as well as its zero-tolerance policy against this menace.
Union Minister for Home Affairs Amit Shah will convey to the delegates India’s determination to combat terrorism as well as its support systems.
Globally, countries have been affected by terrorism and militancy for several years. 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 involvement of a compliant State often exacerbates terrorism, especially it’s 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 conference will further India’s efforts to build understanding and cooperation among nations.