Recently, third ‘No Money for Terror’ (NMFT) Ministerial Conference on Counter-Terrorism Financing was held in New Delhi, India.
- The Prime Minister of India has strongly asked for avoiding any ambiguity in dealing with terrorism and also warned against nations that use terrorism as a tool of foreign policy.
GS II: Government policies and Interventions
Dimensions of the Article:
- About ‘No Money for Terror’ Conference
- Objectives of the event
About ‘No Money for Terror’ Conference
- The “No Money for Terror” conference was started in 2018, as an initiative of the French government, to specifically focus on cooperation between countries to choke terror funding.
- In 2019, the conference was held in Australia.
- It will be held in Delhi after gap of two years due to the travel restrictions imposed due to the COVID-19 pandemic.
Objectives of the event
- The event conveys India’s determination in its fight against terrorism as well as its support systems for achieving success against it.
- It also intends to include discussions on technical, legal, regulatory and cooperation aspects of all facets of terrorism financing.
- The involvement of a compliant State often exacerbates terrorism, especially its financing.
It offered a unique platform for participating nations and organisations to deliberate on the effectiveness of the current international regime on Counter Terrorism Financing and the steps required to address emerging challenges.
- It was attended by delegates from 72 countries and 15 international organisations.
- During the Conference, deliberations were held in four sessions with focus on:
- Global Trends in Terrorism and Terrorist Financing.
- Use of Formal and Informal Channels of Funds for Terrorism.
- Emerging Technologies and Terrorist Financing.
- International Co-operation to Address Challenges in Combating Terrorist Financing.
-Source: The Hindu