‘No Money For Terror’ Ministerial Conference to be held in Delhi next week

India will host a two-day “No Money for Terrorism” Ministerial Conference here next week, according to high government sources, who are dedicated to the fight against terror financing.

Ministers, diplomats, and counterterrorism experts from the Egmont Group member states are likely to attend this third conference of its sort, which will be held in Delhi on November 18–19, according to a high-placed person with knowledge of the matter who spoke to ANI. Under the direction of the Ministry of Home Affairs, the National Investigation Agency (NIA) is hosting the conference’s third iteration here (MHA).

The first meeting of this kind took place in Paris, France, in 2018, and the second one took place in Melbourne, Australia, in 2019. The 2019 conference saw participation from about 65 countries.

The COVID-19 pandemic caused India to postpone hosting the conference in 2020.

Financial Intelligence Units (FIUs) from more than 150 different nations, collectively known as the Egmont Group, organised the conference.

According to a senior official in India’s FIU who spoke on the condition of anonymity, discussion on “countering financing of radicalization (CFR),” which would prevent radicalization—a crucial prerequisite of terrorism—and misuse of virtual assets, especially crypto-currencies, is among the conference’s focused agenda items.

The meeting’s main objectives include enhancing information sharing and cooperation between FIUs.

India demanded a concerted international effort against everyone who supports terrorism or helps finance it during the second meeting in Melbourne.

India also made note of how terrorist organisations use social media, which calls into question any UN ban.

In the proposed resolution points for the 2019 “No Money for Terror” conference, terrorism was identified as the top danger to peace, security, and development. During the meeting, it was decided that the United Nations’ Comprehensive Convention on International Terrorism needed to be finalised sooner rather than later (UN).

Additionally, it was stressed that UN listing or FATF should not be politicised and that the Financial Action Task Force (FATF) rules must be strictly adhered to.

India organised the CTC meeting on October 29 to discuss challenges to the global counterterrorism architecture.