India could have secretariat for world ‘No Cash for Terror’ initiative

Through PTI

NEW DELHI: India is more likely to arrange a secretariat to take care of anti-money laundering and fighting the financing of terrorism problems beneath the worldwide ‘No Cash for Terror’ initiative.

The rustic indicated this on the 3rd ‘No Cash for Terror’ convention which concluded on Saturday, a senior executive functionary mentioned.

The 2-day convention right here was once attended by way of 450 delegates from over 75 countries and global organisations.

“India is raring to determine a secretariat to take care of anti-money laundering/ fighting the financing of terrorism (AML/CFT) problems. Discussions are occurring with global companions on this route,” the functionary mentioned.

New Delhi could also be positive to institutionalise the ‘No Cash for Terror’ convention by way of making sure it as an annual match, the functionary mentioned.

The worldwide watchdog on terror financing and cash laundering, Monetary Motion Job Pressure (FATF), which participated within the convention, has additionally expressed willingness to paintings intently on AML and CFT problems beneath India’s G-20 priorities.

The functionary mentioned India is positioning itself as a world participant in counter-terrorism projects and now not simply restricting its discourse best to Pakistan-centric problems.

Whilst addressing the concluding consultation of the convention, Union House Minister Amit Shah mentioned in the previous couple of many years, India has effectively tackled many demanding situations, together with terrorism.

He mentioned with the rustic’s coverage of zero-tolerance in opposition to terrorism, sturdy framework of counter-terror regulations and empowerment of businesses, India has noticed an important aid in incidents of terrorism and has succeeded in making sure strict punishment in circumstances of terrorism.

Nigeria is more likely to host the following ‘No Cash for Terror’ convention. The delegation representing Nigeria on the convention conveyed that they’d seek the advice of their executive and take a last resolution on this regard, legitimate resources mentioned.
ALSO READ | Overseas Minister S Jaishankar highlights rising danger of terrorism at world convention

NEW DELHI: India is more likely to arrange a secretariat to take care of anti-money laundering and fighting the financing of terrorism problems beneath the worldwide ‘No Cash for Terror’ initiative.

The rustic indicated this on the 3rd ‘No Cash for Terror’ convention which concluded on Saturday, a senior executive functionary mentioned.

The 2-day convention right here was once attended by way of 450 delegates from over 75 countries and global organisations.

“India is raring to determine a secretariat to take care of anti-money laundering/ fighting the financing of terrorism (AML/CFT) problems. Discussions are occurring with global companions on this route,” the functionary mentioned.

New Delhi could also be positive to institutionalise the ‘No Cash for Terror’ convention by way of making sure it as an annual match, the functionary mentioned.

The worldwide watchdog on terror financing and cash laundering, Monetary Motion Job Pressure (FATF), which participated within the convention, has additionally expressed willingness to paintings intently on AML and CFT problems beneath India’s G-20 priorities.

The functionary mentioned India is positioning itself as a world participant in counter-terrorism projects and now not simply restricting its discourse best to Pakistan-centric problems.

Whilst addressing the concluding consultation of the convention, Union House Minister Amit Shah mentioned in the previous couple of many years, India has effectively tackled many demanding situations, together with terrorism.

He mentioned with the rustic’s coverage of zero-tolerance in opposition to terrorism, sturdy framework of counter-terror regulations and empowerment of businesses, India has noticed an important aid in incidents of terrorism and has succeeded in making sure strict punishment in circumstances of terrorism.

Nigeria is more likely to host the following ‘No Cash for Terror’ convention. The delegation representing Nigeria on the convention conveyed that they’d seek the advice of their executive and take a last resolution on this regard, legitimate resources mentioned.ALSO READ | Overseas Minister S Jaishankar highlights rising danger of terrorism at world convention