Explore Business Standard
Don’t miss the latest developments in business and finance.
Terror Funding
Prime Minister Narendra Modi Friday said cost must be imposed on countries which aid terrorism as part of their foreign policy by providing political, ideological and financial support. Organisations and individuals that try to create sympathy for terrorists must also be isolated, he said addressing the third 'No Money for Terror Ministerial Conference on Counter-Terrorism Financing' hosted by the Ministry of Home Affairs. "There can be no ifs and buts interfering in such matters. The world needs to be united against all kinds of overt and covert backing of terrorism," Modi said. The prime minister said tactical gains against terrorists will soon be lost without a larger strategy aimed at hurting terror finances. "International organisations must not think that absence of war means peace. Proxy wars are also dangerous and violent. There must be a cost imposed on countries that support terrorism," the prime minister said. He said sovereign nations have a right to their own systems
Union Home Minister Amit Shah Friday said financing of terrorism is more dangerous than terrorism the threat of which cannot and should not be linked to any religion, nationality or group. He also said that terrorists are constantly finding new ways to carry out violence, radicalise youth and raise financial resources and the darknet is being used by terrorists to spread radical content and conceal their identities. "Terrorism is, undoubtedly, the most serious threat to global peace and security. But I believe that the financing of terrorism is more dangerous than terrorism itself because the 'means and methods' of terrorism are nurtured from such funding. "Furthermore, financing of terrorism weakens the economy of countries of the world," Shah said addressing the third 'No Money for Terror Ministerial Conference on Counter-Terrorism Financing' hosted by the Ministry of Home Affairs here. He said, "we also recognise that the threat of terrorism cannot and should not be linked to an
India has evidence social media platforms are being used to raise terror funds, NIA Director General Dinkar Gupta said Thursday, underlining that the issue will be deliberated during a two-day international ministerial conference on countering terror financing. Addressing a press conference ahead of the meeting beginning Friday, Gupta also said Pakistan and Afghanistan were not participating in the conference, while China was yet to confirm. The third 'No Money for Terror Ministerial Conference on Counter-Terrorism Financing' hosted by the Ministry of Home Affairs will be inaugurated by Prime Minister Narendra Modi and attended by Union Home Minister Amit Shah, among others. Asked if Pakistan, China and Afghanistan were invited to the conference, Secretary (West), Ministry of External Affairs, Sanjay Verma said, "China has been invited." He, however, remained silent on the other two neighbouring countries. Giving details of the conference, Gupta made it clear that no country-specif
The Asia-Pacific Group of the FATF, a global watchdog for terror financing and money laundering, has rated Pakistan's level of effectiveness as low' on 10 out of 11 international goals on anti-money laundering and combating the financing of terror, a media report said on Tuesday. Asia-Pacific Group (APF), the Sydney-based regional affiliate of the Financial Action Task Force (FATF), released an update as of September 2 on the rating of its regional members suggesting that Pakistan had a moderate level of effectiveness' on only one out of 11 outcomes, reported Dawn. Under this immediate outcome', Pakistan extends international cooperation on appropriate information, financial intelligence, and evidence and facilitates action against criminals and their assets. A 15-member joint delegation of FATF and APG paid an onsite visit to Pakistan from August 29 to September 2 to verify the country's compliance with a 34-point action plan committed with FATF at the highest level in June 2018, t