Union Home Minister Amit Shah chairs first session on ‘Global Trends in Terrorist Financing and Terrorism’ theme of the 3rd ‘No Money for Terror’ Ministerial Conference

Newdelhi:18/11/232:Union Home Minister Amit Shah chaired the first session of the 3rd ‘No Money for Terror’ Ministerial Conference on ‘Global Trends in Terrorist Financing and Terrorism’ theme in New Delhi today. In his opening address, the Union Home Minister said that terrorism is, undoubtedly, the most serious threat to global peace and security, but, the financing of terrorism is more dangerous than terrorism itself, because the ‘Means and Methods’ of terrorism are nurtured from such funding. Furthermore, the financing of terrorism weakens the economy of countries of the world.

Shri Amit Shah said that India condemns terrorism in all its forms and manifestations and we believe that no reason can justify an act, such as taking innocent lives. While expressing his sympathy for the victims of terrorist attacks all over the world, he said that we should never compromise with this evil.

Union Home Minister said that India has been a victim of terrorism for several decades, which is sponsored from across the border. He said that Indian security forces and civilians have had to deal with incidents of extremely serious terrorist violence perpetrated in a sustained and coordinated manner. Shri Shah said that the international community has a collective approach that terrorism must be condemned in all its forms, but, the forms and manifestations of terrorism are continuously evolving due to technological revolution. He said that today, terrorists and terrorist groups understand the nuances of modern weapons & information technology, and the dynamics of the cyber & financial space very well, and use them. He said that this transformation of terrorism from “Dynamite to Metaverse” and “AK-47 to Virtual Assets” is definitely a matter of concern for the countries of the world, and, we all have to work together to formulate a common strategy against it. Shri Shah added that we also recognize that the threat of terrorism cannot and should not be linked to any religion, nationality, or group.

Union Home Minister said that the problem of financing of terrorism has become widespread. He said that in the last few years, India has succeeded in cracking down on terror financing. India’s strategy against the financing of terrorism is based on these six pillars:

1. Strengthening the Legislative and Technological Framework
2. Creation of a Comprehensive Monitoring Framework
3. Actionable intelligence sharing mechanism and strengthening of the investigation and police operations
4. Provision for confiscation of property
5. Prevent misuse of legal entities and new technologies, and,
6. Establishing international cooperation and coordination