Participating in the No Money For Terror Conference in 2022 are 75 nations.
The international conference will take place from November 18 to 19.
The goal of NMFT 2022 is to further the dialogue on preventing the funding of terrorism.

In the upcoming international 'No Money For Terror' Ministerial Conference this week, India will bring up significant issues like the lack of universal agreement on laws pertaining to cybercrimes; lax control mechanisms of social media platforms and their exploitation by terrorist and extremist groups; the dark web; and cryptocurrency, according to top government sources.

Other important topics that will be discussed at the two-day international conference scheduled for November 18–19 include crowdfunding, the anonymous, decentralised, and untraceable nature of financing for terrorism, an effective multilateral and multi-stakeholder approach in identifying and mitigating threats of emerging terror-financing mechanisms, and the abuse of non-profit and non-government organisations as fronts for financing terrorism.

When asked about the significance of the conference, a Ministry of Home Affairs (MHA) official explained to ANI how 'terrorists and extremists have improvised on technologies like cryptocurrency and crowdfunding by customising them to suit their requirements.' The conference is being attended by 75 countries. The official noted that these issues would be brought up to the international delegation participating in the conference. 

The dark web, crowdfunding, cryptocurrency, and the absence of legislative frameworks allowing finance for terrorist and extremist groups have all emerged in recent years (TEGs). Additionally, they have abused non-profit and non-governmental organisations as covert means of funding their operations.

India will ask for assistance from all nations in the summit, which will be opened by Prime Minister Narendra Modi at roughly 11 a.m., to address issues in combating the financing of terrorism. India is serving as the conference's first host nation. 

This Conference intends to advance the international community's talks on countering terrorist financing made at the two previous Conferences in Paris (2018) and Melbourne (2019). Additionally, explanations of the technological, legal, regulatory, and cooperative implications of all facets of terrorism financing are intended to be included. It also makes an effort to set the tone for other important political and official discussions aimed at stopping the financing of terrorism.

According to a second source familiar with the situation, India would highlight the additional difficulties associated with including and regulating the private sector as well as providing technical help to smaller financial institutions. According to the source, India will also underline the necessity for coordinated responses by intergovernmental and national law enforcement agencies to state collaboration that takes place at the international, national, and regional levels.

Financial Intelligence Units (FIUs) were created to bridge the gap between the public and private sectors and to promote better information sharing and cooperation among the different stakeholders, according to the source, who also added that the emphasis will be on 'more coordination' among all stakeholders. The conference will advance India's efforts to foster international understanding and collaboration in the fight against the financing of terrorism.

Amit Shah, Union Minister for Home Affairs, will deliver a message at the event's conclusion about India's commitment to fighting terrorism and its support mechanisms for doing so. The fact that this conference is being held demonstrates how seriously the Prime Minister Narendra Modi-led Central government takes the problem of international terrorism, as well as how serious it takes its zero-tolerance approach to this threat and the need for international dialogue on the subject.