Paris, Dec 13: India along with major world economies is participating in the first-ever global meeting being held here to discuss and evolve mechanisms to combat the clandestine and largely undetected terrorist financing network of the Islamic State terror group.
The dreaded terror group, in recent times, has been held responsible for perpetrating violence and killing at least 129 people here in the French capital.
The meeting at the Financial Action Task Force (FATF) Secretariat office is being held between December 12-14 and is being attended by a inter-ministerial team led by senior Finance Ministry officials dealing in subjects of money laundering and combating financing of terror.
The FATF Secretariat confirmed to PTI that Indian authorities will be part in the deliberations aimed to secure the economic and banking channels of the member countries from the influence of the Islamic State of Iraq and Syria (ISIS), also called the Islamic State in Iraq and the Levant (ISIL).
"The Indian delegation will be led by the Ministry of Finance with participation from other relevant ministries and agencies," the FATF said.
Senior officials in Delhi said authorities from the elite Financial Intelligence Unit (FIU) will be leading the India delegation for the talks.
"There are some instances under the scanner of various investigative agencies that indicate there may be links to ISIS funds being routed from India, if not generated. The talks are expected to formalise a resolution to jointly combat the menace which is increasingly affecting jurisdictions across the globe," they said.
The FATF is an inter-governmental body established in 1989 and is mandated to set global protocols and standards to combat money laundering and other financial crimes with direct ramifications to terrorist acts across the globe.
India is a full-member of this reputed global body along with 33 other nations like the US, France, Germany and the United Kingdom.
The three-day meeting has been called "to discuss actions jurisdictions are taking and need to take to combat the financing of the ISIL and broader opportunities to strengthen global efforts to combat the financing of terrorism," the FATF said.
"These three days of meetings will bring together delegates representing the FATF global network, which today extends to some 200 jurisdictions, and operational experts involved in detecting, preventing and disrupting terrorism and terrorist financing."
In the wake of the increased activities of terrorist groups around the globe, including ISIS, India had recently reported to the FATF that it has frozen assets worth Euro 3 lakh (over Rs 2.12 core) of over three dozen entities on charges of terrorist financing and money laundering of illicit funds.