India to host ‘No Money For Terror’ Ministerial Conference in Delhi

8 November, 2022 | Vaishali Sharma

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Dedicated to the fight against terror financing, India is slated to host a two-day 'No Money For Terrorism' Ministerial Conference here next week, top government sources said.

Dedicated to the fight against terror financing, India is slated to host a two-day ‘No Money For Terrorism’ Ministerial Conference here next week, top government sources said.

Ministers, diplomats, and counterterrorism specialists 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 epidemic 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 meeting.

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 — an essential prerequisite of terrorism — and misuse of virtual assets, especially crypto-currencies, are among the conference’s focused agenda items.

The meeting’s main objectives include enhancing information exchange and collaboration amongst FIUs.

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

The forthcoming conference is being planned only a few days after India held a special meeting of the Counter-Terrorism Committee (CTC) of the United Nations Security Council in Mumbai and Delhi. On October 29, India hosted the CTC conference to talk about issues with the global counterterrorism system.