NEW DELHI: India recognizes that the terrorist threat “cannot and should not” be linked to any religion, nationality or group, Union Home Minister Amit Shah said on Friday.
Addressing a session at the Third No Money for Terrorism Ministerial Conference on Financing Terrorism, he said that terrorism is undoubtedly the most serious threat to global peace and security, but that the financing of terrorism is “more dangerous”.
Terrorists are constantly finding new ways to perpetrate violence, radicalize young people and raise financial resources. The darknet is used by terrorists to spread radical content and conceal their identities, he said.
“Additionally, there is an increase in the use of virtual assets like cryptocurrency. We need to understand the patterns of these darknet activities and find their solutions,” Shah said.
The Minister of Interior said that the transformation of terrorism from “Dynamite to Metaverse” and “AK-47 to virtual assets” is a matter of concern for countries and that everyone must work together to formulate a common strategy against him.
“I believe that the financing of terrorism is more dangerous than terrorism itself because the ‘means and methods’ of terrorism are fueled by this financing. Terrorist financing weakens the economy of countries,” Shah told delegates at the Home Ministry-hosted conference here.
“We also recognize that the threat of terrorism cannot and should not be linked to any religion, nationality or group,” the Home Minister said, adding that India had strengthened security architecture as well as systems. legal and financial resources to combat the threat.
“It is thanks to our continuous efforts that terrorist incidents in India have decreased significantly. It has also led to a drastic reduction in economic losses caused by terrorism,” he said.
In a veiled attack on Pakistan and China, the Home Secretary said there were countries that “seek to undermine, if not hinder, our collective resolve to fight terrorism”.
“We have seen that some countries protect and harbor terrorists. Protecting a terrorist is tantamount to promoting terrorism. It will be our collective responsibility that such elements never achieve their intentions,” he said.
Shah said no one should ignore terrorist havens or their resources. “We also need to expose the doublespeak of those elements that sponsor and support them.”
Therefore, it is important that this conference, participating countries and organizations do not take a selective or complacent view of the challenges in this region, he said.
Terrorists and terrorist groups now understand very well the nuances of modern weapons, information technology and the dynamics of the cyber and financial space, he said.
Referring to the regime change in Afghanistan, the Minister of Interior said that after August 2021, the situation in the South Asia region has changed and the growing influence of Al-Qaeda and the he Islamic State had become a major challenge to regional security.
“These new equations have compounded the problem of terrorist financing. Three decades ago, the whole world had to bear the grave consequences of such regime change, the result of which we all saw in the horrific attack of September 11,” he said.
Shah said in this context that last year’s changes in the South Asian region are a matter of concern for everyone. Alongside al-Qaeda, South Asian organizations such as Lashkar-e-Taiba and Jaish-e-Mohammed continue to spread terror, he said.
India has been a victim of sponsored terrorism across the border for several decades, the Home Secretary said, adding: “Indian security forces and civilians have faced incidents of extremely serious terrorist violence perpetrated in a sustained and coordinated manner. ”
“The international community has a collective approach that terrorism must be condemned in all its forms. But the forms and manifestations of terrorism are continuously evolving due to the technological revolution,” he said.
The Home Secretary said emerging trends in the illegal narcotics trade and the challenge of narco-terrorism have given a new dimension to the financing of terrorism.
“In view of this, close cooperation between all nations is necessary.
Multilateral institutions such as the United Nations and the presence of platforms such as the Financial Action Task Force, FATF, are the most effective in terms of preventing terrorism in the field of countering the financing of terrorism”, a- he declared.
Shah said the FATF plays an important role in setting and implementing global standards to prevent and combat money laundering and terrorist financing.
India remains committed to all counter-terrorism efforts, sharing intelligence, building capacity for effective border control, preventing the misuse of modern technologies, monitoring and preventing illicit financial flows and cooperating with investigative and judicial processes, the Home Secretary added.