Important Facts For Prelims
'No Money For Terror' Ministerial Conference
- 08 Nov 2019
- 2 min read
Why in News
The Minister of State for Home Affairs attended 'No Money For Terror' Ministerial Conference on 7th November 2019 in Melbourne, Australia.
- This was the second conference of its kind, dedicated to the fight against terror financing. The first such meeting held in Paris in 2018.
- The Conference is organised by Financial Intelligence Units (FIUs) of over 100 countries, jointly called The Egmont Group.
- 65 nations participated in the 2019 conference.
- India will host the next 'No Money For Terror' Conference in 2020.
India’s Stand at the Conference
- Zero - Tolerance Approach Towards Terror:
- India called for a united global effort against all those who support terror or help generate finances for terror.
- India pointed out how terror groups are active on social media and that undermines any ban the United Nations (UN) might have.
- Proposed Points for Inclusion in the Resolution:
- Terrorism is the single biggest threat to peace, security and development.
- Nations must expedite the finalisation of a Comprehensive Convention on International Terrorism under the United Nations (UN).
- The Financial Action Task Force (FATF) Standards must be effectively enforced and UN listings / FATF should not be politicised.
- Initiate discussion on ‘Countering Financing of Radicalisation (CFR)’, which would prevent radicalisation - an essential prerequisite of terrorism.
