Prime Minister Narendra Modi on Friday said there is no good and bad terrorism as it knows no boundaries since it is an attack on humanity, freedom and civilisation and only zero tolerance approach can defeat it.
He advocated imposition of a cost upon countries that support terrorism and use it as a tool of foreign policy. He was addressing the 2-day third “No Money for Terror” conference of the Ministers on counter-terrorism financing here whose first session on the global trends in terror financing was chaired by Home Minister Amit Shah.
Addressing the ministers from various nations, the Prime Minister said India saw the dark face of terror long for decades losing thousands of lives before the world took serious note of it. He asked the visiting delegates to interact Indian officials who have been firm in tackling terror.
“Even a single terror attack is one too many. Even a single life is one too many. So, we will not rest till terrorism is uprooted,” Modi declared, stressing to root out deep links between the criminal gangs and terrorist outfits.
At times, even activities like money laundering and financial crimes have been known to help terror funding. Fighting it needs global collaboration”, he said.
On the changing dynamics of terrorism in the light of advancing technology, the Prime Minister said: “New kinds of technology are being used for terror financing and recruitment. Challenges from the dark net, private currencies and more are emerging. There is a need for a uniform understanding of new finance technologies. It is also important to involve the private sector in these efforts.”
Amit Shah narrated how terrorism has transformed from the culture of “dynamite to metaverse” and “AK-47 to virtual assets,” pointing out it is definitely a matter of concern for all countries, requiring to work together to formulate a common strategy.
He said the financing of terrorism is more dangerous than terrorism itself, because the ‘Means and Methods’ of terrorism are nurtured from such funding. Furthermore, the financing of terrorism weakens the economy of countries of the world.
Without naming Pakistan that was not invited to the conference, Shah slammed some countries protecting and sheltering terrorists as it is equivalent to promoting terrorism. “We should never ignore safe havens of terrorists or their resources while we also have to expose the double-speak of those who sponsor and support them.
He asked the global community to understand that the “Mode – Medium – Method” of Terror Financing and adopt the principle of ‘One Mind, One Approach’ to crack down on them.
“The Dark Net is being used by terrorists to spread radical content and conceal their identities; there is an increase in use of virtual assets like cryptocurrency, we need to understand the patterns of these Dark Net activities and find their solutions,” Amit Shah said.
He said the emerging trends of the illegal trade of narcotics, and challenge of narco-terror, have given a new dimension to terror financing; In view of this, there is a need for close cooperation among all nations.