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13/11/22 22:30 PM IST

3rd Ministerial Conference on Countering Financing of Terrorism

In News 
  • Ministry of Home Affairs, Government of India is organising the 3rd Ministerial ‘No Money for Terror’ Conference on 18th and 19th of November in New Delhi.
About the conference 
  • The Ministerial No Money for Terror (NMFT) Conference aims to create platform for international discussions on countering terror financing.
  • The conference includes discussions on technical, legal, regulatory and cooperative aspects of the terrorism financing.
  • It aims to set pace for other high-level official and political discussions focusing on terror finance.
  • The inaugural edition of this conference was held in Paris, France, in 2018. The second edition of the NMFT took place in Melbourne, Australia, in 2019.
  • The third edition was set to take place in India in 2020 but was postponed because of COVID-19 pandemic that caused the global-level restrictions on travel.
  • his is the first time that the UNSC CTC met in India and only seventh time that it was held outside New York.
  • NMFT conference will focus on global trends of terrorism and terrorist financing, emerging technologies’ role in terrorism financing and importance of global cooperation to address related challenges.
  • The focus will also be given to dark web’s role in promoting transfer or crowdsourcing of funds for terrorism.
  • It also aims to strengthen the role of Financial Action Task Force (FATF) in setting global standards that can create an effective mechanism to combat terror funding.
Source- PIB 

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