PM to inaugurate ‘No Money for Terror’ Ministerial Conference

14 November, 2022 | Vaishali Sharma

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Prime Minister Narendra Modi will inaugurate the 3rd Ministerial 'No Money for Terror' Conference this weekend in the national capital.

Prime Minister Narendra Modi will inaugurate the 3rd Ministerial ‘No Money for Terror’ Conference this weekend in the national capital, as per a report by ANI.

According to the report, the Prime Minister will kick off the two-day event on November 18 and 19 to boost India’s efforts to promote understanding and collaboration among nations in the fight against terror financing. Union Minister for Home Affairs Amit Shah will end the event by conveying India’s dedication in combating terrorism as well as its support mechanisms for success.

The convening of this conference demonstrates the attention given by Prime Minister Narendra Modi’s government to the issue of international terrorism, as well as its zero-tolerance stance toward this threat and participation in international talks on the subject.

This Conference intends to further the international community’s debates on fighting terrorist funding made at the previous two Conferences in Paris (2018) and Melbourne (2017). (2019). It also intended to include talks on all elements of terrorism funding, including technological, legal, regulatory, and cooperative issues. It also seeks to set the tone for additional high-level official and political discussions aimed at combating terrorist financing.

For numerous years, countries throughout the world have been afflicted by terrorism and militancy. The pattern of violence varies by theatre, but is generally driven by a volatile geopolitical climate combined with protracted violent sectarian conflicts. Such wars frequently result in weak governance, political instability, economic distress, and huge areas of ungoverned territory. The involvement of a complaining state frequently aggravates terrorism, particularly its finance.

Discussions at the 3rd ‘No Money For Terror’ Conference will be focussed on global trends in terrorism and terrorist financing, the use of formal and informal channels of funds for terrorism, emerging technologies and terrorist financing, and requisite international co-operation to address related challenges.

The Conference intends to bring together representatives of 75 countries and international bodies for extended deliberations over two days.

The third edition of the conference is being organised here by the National Investigation Agency (NIA) under the supervision of the MHA.