Prime Minister Narendra Modi on Friday said that cost must be imposed on countries which aid terrorism as part of their foreign policy by providing political, ideological and financial support. The Prime Minister was speaking at the inaugural session at the third 'No Money for Terror' (NMFT) Ministerial Conference on Counter-Terrorism Financing, in New Delhi.
PM Modi's top quotes
- PM Modi said that action against organised crime is extremely important in fight against terrorism.
- Uprooting terrorism needs larger, proactive, systemic response. Must pursue terrorists, break support networks, hit their finances.
- Important we jointly address radicalisation, extremism problems. Those supporting radicalisation shouldn't have place in any nation.
- Organisations and individuals that try to create sympathy for terrorists must also be isolated.
- 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.
- 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.
- PM said sovereign nations have a right to their own systems but "we must not allow extremist elements to misuse differences between systems".
- Modi said one of the sources of terror funding is organised crime which must not be seen in isolation. "The gangs have deep links with terrorists. The money made in gun running, drugs and smuggling is being pumped into terrorism... Action against organised crimes is extremely important in the fight against terrorism."
- Asserting the country will not rest till terrorism is uprooted, Modi said the long-term impact of terrorism is particularly hard on the poor and local economy.
- Modi stressed that all terrorist attacks deserve equal outrage and action. Only a uniform, unified, zero-tolerance approach can defeat terrorism.
The two-day conference will offer a unique platform for participating nations and organizations to deliberate on effectiveness of the current international regime on Counter Terrorism Financing as well as steps required to address emerging challenges.
The conference will build on gains and learnings of previous two conferences (held in Paris in April 2018 and in Melbourne in November 2019) and will work towards enhancing global cooperation to deny finances to terrorists and access to permissive jurisdictions to operate.
It's being attended by about 450 delegates from across the world, including Ministers, Heads of Multilateral organisations and Financial Action Task Force (FATF) Heads of Delegations.
During the Conference, deliberations will be held in four sessions which will focus on ‘Global Trends in Terrorism and Terrorist Financing’, ‘Use of Formal and Informal Channels of Funds for Terrorism’, ‘Emerging Technologies and Terrorist Financing’ and ‘International Co-operation to Address Challenges in Combating Terrorist Financing’.
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