New Delhi, Prashant Dev: Union Home Minister Amit Shah chaired the first session on ‘Terrorism and Global Trends in Terrorist Financing’ of the 3rd ‘No Money for Terror’ Ministerial Conference on Countering Terrorism Financing, in New Delhi today. In his presidential address, the Home Minister said that terrorism, no doubt, is the most serious threat to global peace and security, but he believes that financing of terrorism is more dangerous than terrorism itself, because the ‘means and methods’ of terrorism , is funded by this fund, along with this, the work of weakening the economy of all the countries of the world is also done by financing terrorism.
The Home Minister said that India condemns terrorism in all its forms and manifestations. It is our clear belief that no reason can be accepted to justify an act like taking the lives of innocent people. Expressing his condolences to the victims of terrorist attacks across the world and their families, he said that we should never compromise with this evil.
The Union Home Minister said that India has been a victim of cross-border sponsored terrorism for many decades. 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. He said that the international community has a collective approach that all forms of terrorism should be condemned, but with the technological revolution, the forms and types of terrorism are constantly changing. Shri Shah said that today terrorists or terrorist groups understand and use modern weapons and information technology and cyber and financial world very well. 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 come together and chalk out a common strategy against it. He said that we also believe that the threat of terrorism cannot and should not be linked to any religion, nationality or any group.
The Union Home Minister said that we have made a lot of progress in strengthening the security infrastructure and legal and financing systems to combat terrorism, but despite this, terrorists continue to find new ways to perpetrate violence, radicalize youth and raise financial resources. Looking for ways. He said that terrorists are using dark-net to hide their identity and spread radical material. Mr. Shah said that at the same time the use of virtual assets like crypto-currency is also increasing, we have to understand the pattern of these activities running on the dark-net and find solutions for the same.
The Union Home Minister said that unfortunately there are some countries who want to weaken or destroy our collective resolve to fight terrorism. He said that we have seen many times that some countries protect terrorists and also give shelter to them, giving protection to a terrorist is equal to promoting terrorism. It will be our collective responsibility that such elements never succeed in their designs. Mr Shah said that after August 2021, the situation in South Asia has changed and regime change and the growing influence of Al Qaeda and ISIS have emerged as a significant challenge to regional security. He said that these new equations have made the problem of terror financing more serious. Shri Shah said that three decades ago, the whole world had to bear the serious consequences of one such regime-change and we all have seen the horrific attack like Nine-Eleven (9/11). Against this backdrop, he said, the transformation that has taken place in the South Asia region in the last year is a matter of concern for all of us. He said that along with Al Qaeda, groups like Lashkar-e-Taiba and Jaish-e-Mohammed in South Asia are fearless even today in spreading terror.
Amit Shah said that we should never ignore the safe havens of terrorists or their resources and we also have to expose the double-speak of such elements, their sponsors and supporting elements. It is therefore important that this conference, participating countries and organizations, do not take a selective or complacent view of the terrorist challenges in the region.
The Union Home Minister said that the problem of terrorism financing has become widespread. He said that in the last few years, India has achieved success in cracking down on the financing of terrorism. India’s strategy against the financing of terrorism is based on these six pillars:
1. Strengthening the Legislative and Technological Framework,
2. Creating a comprehensive monitoring framework,
3. Mechanism for sharing accurate intelligence, strengthening investigation and police operations,
4. Provision for confiscation of property,
5. Prevent misuse of legal entities and new technologies and
6. To establish international cooperation and coordination.
Shah said that India has taken steps in this direction by amending the Un-Lawful Activities Prevention Act (UAPA), strengthening the National Investigation Agency (NIA) and giving a new direction to financial intelligence, in the fight against terrorism and its financing. strengthened. He said that it is the result of our continuous efforts that there has been a drastic reduction in terrorist incidents in India and as a result, the economic loss due to terrorism has also come down drastically.
The Union Home Minister said that India believes that the most effective way to deal with terrorism is international cooperation and real-time and transparent cooperation between nations. Shah said cooperation between countries in areas such as extradition, prosecution, intelligence sharing, capacity building and “Combating the Financing of Terrorism (CFT)”, is vital in combating terrorism. He said that our cooperation becomes even more important given that terrorists and terrorist groups easily coordinate and combine resources across borders.
Amit Shah said that the emerging trends of illegal trade of narcotics globally and challenges like narco-terror have given terror financing a new dimension. He said that in view of this there is a need for close cooperation among all nations on this subject. Shri Shah said that multilateral institutions like the United Nations and the presence of consensus platforms like the Financial Action Task Force (FATF) are most effective in the area of “Combating the Financing of Terrorism (CFT)” in terms of preventing terrorism. He said FATF is playing an important role in setting and implementing global standards for preventing and combating money laundering and terrorist financing.
The Union Home Minister said that a new challenge is in front of us in the form of virtual assets as new methods of virtual assets are being used by terrorists for financial transactions. He said that we have to think uniformly towards a “strong and efficient operational system” to crack down on the use of virtual assets channels, funding infrastructure and dark-net. Shri Shah said that law enforcement agencies, financial investigators and regulators around the world, such as the United Nations, IMF, Interpol and other stakeholders, can make a more positive impact in this direction. He said that we have to understand these challenges deeply and make efforts to stop new techniques of terror financing globally, as was done in the recent Interpol General Assembly held in New Delhi.
Amit Shah said India will make all efforts to combat terrorism by sharing information, building capacity for effective border control, preventing misuse of modern technologies, monitoring and preventing illicit financial flows, and cooperating in investigation and judicial processes. committed to. He said that the global community has to adopt the principle of ‘One Mind, One Approach’ in cracking down hard on them by understanding the “Mode – Medium – Method” of terror financing to achieve the goal of “No Money for Terror”. .
The Union Home Minister said that today, we have started this conference with the address of the Prime Minister of India Shri Narendra Modi. He expressed confidence that, in these two days, there would be meaningful discussions on various aspects of Terror Financing, and meaningful solutions would be found for the present and future challenges. As the Home Minister of the Government of India, assuring the delegates present at the conference, Shri Shah said that in achieving the objective of ‘No Money for Terror’, our commitment is as firm as your enthusiasm to participate in this event. Shah said that he is looking forward to hearing from his fellow panelist speakers in this session. He said that he would like to present his views in detail on some points in the concluding session tomorrow.
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