'No Money For Terror' Ministerial Conference | 08 Nov 2019

The Minister of State for Home Affairs attended 'No Money For Terror' Ministerial Conference on 7^th 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.

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.