PM Modi said the terrorists derive funding from a variety of criminal activities which include smuggling of narcotics, bank robbery, vehicle thefts, fake currency or from state sponsored activities in failed states.

"Disrupting fund flow constrains the capabilities of terrorists and reduces their ability to execute attacks," he said addressing the sixth Global Focal Point Conference on Asset Recovery and 21st conference of CBI and state anti- corruption and vigilance bureau.

Some of the countries were unable to take part in the meet following cancellation of flights in the wake of Paris attacks, CBI officials said.

The Prime Minister said targeting proceeds of crime is an important elements in the fight against crime and sought international cooperation in this regard.

"Organised crime can hamper investment and economic growth. It can also infiltrate or control a large section of economy. Illicit funding promotes organised criminal activities like drug trafficking, arms trafficking, human trafficking and terrorism," he said.

Read more: Steps taken to check corruption: PM Modi

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