At the third ‘No Money for Terror’ (NMFT) Ministerial Conference on Counter-Terrorism Financing, Prime Minister Narendra Modi gave the opening remarks. The Taj Palace Hotel in New Delhi is the location of the meeting. The two-day event is expected to draw participants from over 70 nations. The meeting will be attended by some 450 participants from around the world, including ministers, heads of multilateral organisations, and heads of delegations from the Financial Action Task Force (FATF).
Global Trends in Terrorism and Terrorist Financing, the 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 will all be topics of discussion during the conference. There will be four sessions dedicated to these themes.
In a meeting with his Bangladeshi counterpart Asaduzzaman Khan, Union Home Minister Amit Shah brought up the subject of attacks on minorities and temples in that nation, according to official sources. Shah and the Bangladeshi minister held fruitful discussions about border management and general security-related issues. According to the official sources, he brought up the subject of attacks on temples and minorities in Bangladesh with Khan.
Though terrorism poses the greatest threat to international peace and security, funding terrorism poses a greater concern, according to Union Home Minister Amit Shah, who made the statement on Friday. He emphasised that in order to reach the aim of “No Money for Terror,” the international community must comprehend the “Mode, Medium, and Method” of financing terrorism and adopt the idea of “One Mind, One Approach” in order to combat it.
The greatest significant threat to international peace and security, according to Union Home Minister Amit Shah, is terrorism, but funding terrorists is “more hazardous.” He claimed terrorists are always coming up with new ways to commit acts of violence, radicalise youth, and amass financial resources while speaking at the third “No money for terror ministerial conference on counter-terrorism finance.” Terrorists are disseminating extreme content and hiding their identity, he claimed, via the darknet. “In addition, the use of virtual assets like cryptocurrencies is growing. In order to address these darknet activities, we must comprehend their patterns, according to Shah.
Amit Shah: “The environment in the South Asian region has undergone significant changes since August 2021. The advent of ISIS and Al Qaeda, which have seen power shifts, pose a serious threat to regional stability. The issue of financing terrorism has become much more urgent as a result of the new equations.
Home Minister Amit Shah stated that terrorists are “spreading violence, radicalising youth, and finding new routes to funding sources” while speaking at the ‘No Money for Terror’ Conference in Delhi. Terrorists use the dark web to promote extreme content while hiding their identities. Bitcoin and other virtual currencies are being used.
