India to host next edition of ‘No Money For Terror’ conference in 2020

MELBOURNE: India will host the next edition of the ‘No Money For Terror’ conference to be held in 2020, Union Minister G Kishan Reddy said on Thursday.

India to host next edition of ‘No Money For Terror’ conference in 2020

G Kishan Reddy. Reuters file

rchopra@tribunemail.com

Melbourne, November 7

India will host the next edition of the ‘No Money For Terror’ conference to be held in 2020, Union Minister G Kishan Reddy said on Thursday.

The conference is organised by Financial Intelligence Units (FIUs) of over 100 countries, jointly called The Egmont Group.

India will host the next conference in India in 2020, Reddy, Union Minister of State for Home, said at the ongoing conference being held here.

Recognising the importance of international cooperation in the fight against money-laundering and financing of terrorism, a group of FIUs met a few years ago at the Egmont Arenberg Palace in Brussels, and decided to establish an informal network of FIUs for the stimulation of international cooperation.

Money-laundering and the financing of terrorism are serious crimes that threaten to destabilise the global economy.

The Egmont Group was created to provide FIUs around the world a forum to exchange information confidentially to combat money-laundering, the financing of terrorism and other predicate offences. PTI

Cities

View All

Cold wave intensifies, Met Dept predicts foggy days ahead in city

Season’s first snowfall at Manali, other high-altitude areas...

Court relief for exporter in PU chair ‘theft’ case

Stays proceedings against owner of firm that exported furnit...

2 held, Rs6 lakh, jewellery worth Rs90 lakh recovered

Duo struck at houses in Sect 36, 38 (West)

Playing loud music after 10 pm may invite FIR

Inform violations at police stations or at toll-free helplin...

Major fire at cycle paint factory

Power cut hits firefighting operations