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इंडियन आवाज़     13 Apr 2024 11:20:17      انڈین آواز

PM calls for targeted economic sanctions to curb terror funding

(Last Updated On: 18/11/2015)

AMN /

Govt has taken significant steps to check black money: PM ModiPrime Minister Narendra Modi today called for targeted economic sanctions to disrupt fund flows for terrorists. Addressing the sixth Global Conference on Asset Recovery in New Delhi, Mr Modi said, dastardly attacks in Paris are a grim reminder that terrorists have shown remarkable flexibility in arranging finances.

The Prime Minister said, the terrorists derive funding from a variety of criminal activities which include smuggling of narcotics, fake currency or from state sponsored activities in failed states. The Prime Minister said targeting proceeds of crime is an important elements in the fight against crime and sought international cooperation in this regard.

He also stressed on the need to focus on enhancing international co-operation in the field of asset recovery for fighting crime, corruption and terrorism. He warned that Globalisation of organised crime poses a major threat to economies throughout the world.

On corruption, Prime Minister Modi said his government has taken significant steps to check corruption and menace of black money in a short span of time. Mr Modi said the Government is unsparing when it comes to punishing the corrupt. He said, the Centre is committed to implementing a uniform global standard on automatic exchange of information on a fully reciprocal basis to check black money.

He said, the mission of his government is to build a prosperous India and it is essential to fight relentlessly against corruption to achieve this objective.

Addressing the meet, Interpol Secretary General Jürgen Stock condemned the dastardly Paris attack. Mr Stock said all member countries of Interpol should come together to fight the menace of terrorism.

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