News Analysis India

Tag: No Money for Terror

  • International community must fight shoulder to shoulder to defeat terrorism: Amit Shah

    By PTI

    NEW DELHI: Asserting that no country can defeat terrorism alone, Home Minister Amit Shah on Saturday said the international community must continue to fight shoulder-to-shoulder against this increasingly complex and borderless threat.

    Addressing the concluding function of the 3rd ‘No Money for Terror’ Ministerial Conference on Counter-Terrorism Financing, he said some countries and their agencies have made terrorism their State policy.

    “In these terror havens, it’s necessary to shackle their unrestrained activities along with economic crackdown. All countries have to rise above their geo-political interests,” Shah said.

    He said some countries repeatedly support terrorists and those who harbour terrorism.

    “I believe that terrorism has no international boundaries, so all countries should think beyond politics and cooperate with each other,” Shah said.

    He called for transparency in intelligence sharing among the international community to defeat this “borderless threat” of terrorism.

    “Our first commitment should be cooperation with transparency.

    All countries, all organizations, must pledge complete transparency in sharing intelligence in a better and more effective manner,” he said.

    Citing action by India against an organisation promoting radicalisation among youths, the home minister said every country should identify and take stringent action against such organisations.

    He said we have to fight this war against terrorism and terrorist groups, in every geographical space, in every virtual space.

    “India has sensed the need for permanency of this unique initiative of NMFT, in order to sustain the continued global focus on countering the financing of terrorism.

    Time is ripe for a permanent Secretariat to be established,” he said, adding that a proposal has been made to set it up in India.

    He said the approach to fighting terrorism should be based on five pillars — comprehensive monitoring framework involving cooperation, coordination, and collaboration among all intelligence and investigative agencies, the strategy of “Trace, Target, and Terminate”, to be adopted from low-level economic offences to more organized economic crimes, strengthening and harmonizing the legal structures related to terror finance, robust mechanism against the misuse of next-generation technology and strengthening the legal and regulatory framework for asset recovery.

    NEW DELHI: Asserting that no country can defeat terrorism alone, Home Minister Amit Shah on Saturday said the international community must continue to fight shoulder-to-shoulder against this increasingly complex and borderless threat.

    Addressing the concluding function of the 3rd ‘No Money for Terror’ Ministerial Conference on Counter-Terrorism Financing, he said some countries and their agencies have made terrorism their State policy.

    “In these terror havens, it’s necessary to shackle their unrestrained activities along with economic crackdown. All countries have to rise above their geo-political interests,” Shah said.

    He said some countries repeatedly support terrorists and those who harbour terrorism.

    “I believe that terrorism has no international boundaries, so all countries should think beyond politics and cooperate with each other,” Shah said.

    He called for transparency in intelligence sharing among the international community to defeat this “borderless threat” of terrorism.

    “Our first commitment should be cooperation with transparency.

    All countries, all organizations, must pledge complete transparency in sharing intelligence in a better and more effective manner,” he said.

    Citing action by India against an organisation promoting radicalisation among youths, the home minister said every country should identify and take stringent action against such organisations.

    He said we have to fight this war against terrorism and terrorist groups, in every geographical space, in every virtual space.

    “India has sensed the need for permanency of this unique initiative of NMFT, in order to sustain the continued global focus on countering the financing of terrorism.

    Time is ripe for a permanent Secretariat to be established,” he said, adding that a proposal has been made to set it up in India.

    He said the approach to fighting terrorism should be based on five pillars — comprehensive monitoring framework involving cooperation, coordination, and collaboration among all intelligence and investigative agencies, the strategy of “Trace, Target, and Terminate”, to be adopted from low-level economic offences to more organized economic crimes, strengthening and harmonizing the legal structures related to terror finance, robust mechanism against the misuse of next-generation technology and strengthening the legal and regulatory framework for asset recovery.

  • Legislative & intel steps curbed terror: Amit Shah

    Express News Service

    NEW DELHI:  Recognising that the “problem” of terror financing has become “widespread”, Union Home Minister Amit Shah said on Friday that strong legislative and technological and comprehensive monitoring frameworks and a mechanism for actionable intelligence sharing helped India crackdown on the phenomenon. 

    Chairing the first session of the third ‘No Money for Terror’ ministerial conference, Shah said that strengthening the investigation and police operations, the provision for confiscation of property, preventing the misuse of legal entities and new technologies and international cooperation and coordination had also helped thwart terror financing.

    Claiming that amending the Unlawful Activities Prevention Act (UAPA), enhancing the NIA’s powers and “giving a new direction to financial intelligence” had strengthened India’s fight against terrorism, Shah said these measures have contributed to the drastic reduction in incidents and economic losses. 

    Shah said while terrorism was, undoubtedly, the most serious threat to global peace and security, its financing was more dangerous as the ‘means and methods were nurtured by such funding. Besides, he said, the financing of terrorism weakens the economies of the world. The session’s theme was on ‘Global Trends in Terrorist Financing and Terrorism’.

    Pointing out that India condemns terrorism in all its forms and manifestations, Shah said that no reason can justify taking innocent lives. Expressing his sympathy for terror attack victims across the world, Shah said no compromise could be made with this evil.

    Holding that India has been a victim of cross-border terrorism for several decades, Shah said that Indian security forces and civilians have had to deal with terrorist violence perpetrated and sustained in a coordinated manner. Even as the international community’s collective approach condemns terrorism in all its forms, the forms and manifestations of terrorism were continuously evolving due to technological revolution, Shah said.

    According to Shah, terrorists and terror groups understand the nuances of modern weapons and information technology, besides the dynamics of cyber and financial space which they use very well. This transformation of terrorism from “Dynamite to Metaverse” and “AK-47 to Virtual Assets”, Shah said, was definitely a matter of global concern and for which a common strategy needed to be formulated. However, Shah said that the terror threat “cannot and should not be linked to any religion, nationality or group”.Maintaining that India has made significant progress in fortifying the security architecture, besides the legal and financial systems”, Shah said terrorists were yet constantly finding new ways to carry out violence, radicalise the youth and raise funding.

    Disclosing that the ‘Dark Net’ was being used by terrorists to disseminate radical content by concealing their identities, the home minister said there was an increase in the use of virtual assets like cryptocurrency. There was a need to understand the patterns on such Dark Net activities and find solutions, he said. Emphasising that some countries were seeking to undermine and hinder India’s collective resolve to fight terror, Shah said that these states protect and shelter terrorists which was no less than promoting terrorism. He said that member states’ collective responsibility should ensure “such elements never succeed in their intentions”.

    Indicating that the regime change in Afghanistan in August 2021 had caused the “growing influence of Al Qaeda and ISIS” which have emerged as a significant challenge to regional security, Shah said that the “new equations have made the problem of terror financing more serious”.

    NEW DELHI:  Recognising that the “problem” of terror financing has become “widespread”, Union Home Minister Amit Shah said on Friday that strong legislative and technological and comprehensive monitoring frameworks and a mechanism for actionable intelligence sharing helped India crackdown on the phenomenon. 

    Chairing the first session of the third ‘No Money for Terror’ ministerial conference, Shah said that strengthening the investigation and police operations, the provision for confiscation of property, preventing the misuse of legal entities and new technologies and international cooperation and coordination had also helped thwart terror financing.

    Claiming that amending the Unlawful Activities Prevention Act (UAPA), enhancing the NIA’s powers and “giving a new direction to financial intelligence” had strengthened India’s fight against terrorism, Shah said these measures have contributed to the drastic reduction in incidents and economic losses. 

    Shah said while terrorism was, undoubtedly, the most serious threat to global peace and security, its financing was more dangerous as the ‘means and methods were nurtured by such funding. Besides, he said, the financing of terrorism weakens the economies of the world. The session’s theme was on ‘Global Trends in Terrorist Financing and Terrorism’.

    Pointing out that India condemns terrorism in all its forms and manifestations, Shah said that no reason can justify taking innocent lives. Expressing his sympathy for terror attack victims across the world, Shah said no compromise could be made with this evil.

    Holding that India has been a victim of cross-border terrorism for several decades, Shah said that Indian security forces and civilians have had to deal with terrorist violence perpetrated and sustained in a coordinated manner. Even as the international community’s collective approach condemns terrorism in all its forms, the forms and manifestations of terrorism were continuously evolving due to technological revolution, Shah said.

    According to Shah, terrorists and terror groups understand the nuances of modern weapons and information technology, besides the dynamics of cyber and financial space which they use very well. This transformation of terrorism from “Dynamite to Metaverse” and “AK-47 to Virtual Assets”, Shah said, was definitely a matter of global concern and for which a common strategy needed to be formulated. However, Shah said that the terror threat “cannot and should not be linked to any religion, nationality or group”.
    Maintaining that India has made significant progress in fortifying the security architecture, besides the legal and financial systems”, Shah said terrorists were yet constantly finding new ways to carry out violence, radicalise the youth and raise funding.

    Disclosing that the ‘Dark Net’ was being used by terrorists to disseminate radical content by concealing their identities, the home minister said there was an increase in the use of virtual assets like cryptocurrency. There was a need to understand the patterns on such Dark Net activities and find solutions, he said. Emphasising that some countries were seeking to undermine and hinder India’s collective resolve to fight terror, Shah said that these states protect and shelter terrorists which was no less than promoting terrorism. He said that member states’ collective responsibility should ensure “such elements never succeed in their intentions”.

    Indicating that the regime change in Afghanistan in August 2021 had caused the “growing influence of Al Qaeda and ISIS” which have emerged as a significant challenge to regional security, Shah said that the “new equations have made the problem of terror financing more serious”.