G20 nations vow terror funding crackdown after Modi pitches for global deterrent action
Pledging a joint crackdown on the global scourge of terrorism and to check its funding sources, G20 leaders, including Prime Minister Narendra Modi, said all terror safe havens must be eliminated in every part of the world.india Updated: Jul 08, 2017 20:07 IST
The G20 group of major economies have agreed to redouble efforts to tackle the financing of extremist groups, in a rare point of agreement during a fractious summit in Germany.
The countries issued a joint statement condemning the “scourge” of terrorism funding, and praised the work already undertaken to shut off sources of finance for illicit groups.
“We underline our resolve to make the international financial system entirely hostile to terrorist financing and commit to deepening international cooperation and exchange of information,” the statement said.
The G20 nations urged countries to support the work of the Financial Action Task Force (FATF), a 37-member international organisation that tackles terrorist financing.
“We call on all member states to ensure that the FATF has the necessary resources and support to effectively fulfill its mandate,” they said.
“There should be no ‘safe spaces’ for terrorist financing anywhere in the world.”
The remarks came after Prime Minister Narendra Modi called for a concerted global crackdown on nations supporting terrorism for their political goals and named Pakistan-based groups Lashkar-e-Taiba and Jash-e-Mohammed among major terror outfits alongside the al Qaeda and ISIS at the G20 Summit.
As the G20 leaders put their heads together for a solution on issues like terrorism, climate change and open trade, Modi delivered a strong message against terrorism and also pitched for ban on the entry of officials from terrorism-supporting countries into G-20 nations.
“Strong action should be taken against terror financing, and providing support and safe haven to terrorists,” he said.
He said that the real face of terrorism is many names and one thought process.