Cost must be imposed on nations which aid terrorism: PM Modi

Prime Minister Narendra Modi on Friday said cost must be imposed on countries which aid terrorism as part of their foreign policy by providing political ideological and financial supportOrganisations 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 CounterTerrorism Financing hosted by the Ministry of Home AffairsThere 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 PM Modi saidThe prime minister said tactical gains against terrorists will soon be lost without a larger strategy aimed at hurting terror financesInternational 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 saidHe said sovereign nations have a right to their own systems but we must not allow extremist elements to misuse differences between systemsAlso Read PM Modi to formally inaugurate KashiTamil Samagam on Nov 19Anyone who supports radicalisation should have no support in any country the prime minister said PM Modi said one of the sources of terror funding is organised crime which must not be seen in isolationThe 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 terrorismAsserting the country will not rest till terrorism is uprooted PM Modi said the longterm impact of terrorism is particularly hard on the poor and local economyHe said all terrorist attacks deserve equal outrage and action Only a uniform unified zerotolerance approach can defeat terrorism Modi stressedThe twoday conference will build on two previous conferences held in Paris in April 2018 and Melbourne in November 2019 and work towards enhancing global cooperation to deny finances to terrorists and access to permissive jurisdictions to operateDuring the conference 77 countries besides host India and 16 multilateral agencies like Interpol and Europol will deliberate on key issues related to restricting the flow of illicit money for funding terrorism Director General NIA Dinkar Gupta saidFour sessions Global Trends in Terrorism and Terrorist Financing Use of Formal and Informal Channels of Funds for Terrorism Emerging Technologies and Terrorist Financing and International Cooperation to Address Challenges in Combating Terrorist Financing will take place during the conferenceThe sessions will be chaired by senior ministers including Home Minister Amit Shah and External Affairs Minister S JaishankarPakistan and Afghanistan are not participating in the conference officials saidThe twoday conference on November 18 and 19 will offer a unique platform for participating nations and organisations to deliberate on the effectiveness of the current international regime on counterterrorism financing as well as steps required to address emerging challenges an official statement saidThe event will be attended by about 450 delegates from across the world including ministers heads of multilateral organisations and Financial Action Task Force FATF heads of delegationsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever