India and Qatar strengthen ties to combat money laundering and terror financing
1 month, 2 weeks ago

India and Qatar strengthen ties to combat money laundering and terror financing

Live Mint  

New Delhi: India and Qatar on Tuesday held discussions to strengthen cooperation in combating money laundering and terrorism financing, focusing on advanced IT systems, strategic partnerships, and the role of virtual digital assets, according to the ministry of finance. The discussions included the use of advanced IT systems, such as India’s Financial Intelligence Network 2.0, and innovative initiatives like FIU-India's Public-Private Partnership and Private-Private Partnership for Anti-Money Laundering and Countering Financing of Terrorism, the ministry said. In September, Global terror financing global watchdog Financial Action Task Force placed India in the “regular follow-up” category, a distinction it now shares with only three other G20 countries—the UK, France and Italy. "FIU-Qatar and FIU-IND have cooperated over the years, through the informal information exchange on offences related to money laundering, and financing of terrorism," the ministry statement said.

India Money Laundering Money Qatar Terror Laundering Financing Fiu  qatar  financing  terrorism  strengthen  money  systems  terror  financial  india  partnership  laundering  ministry  combat  ties

History of this topic

FATF praises India’s anti-money laundering, terror financing system
3 months ago

FATF praises India’s anti-money laundering, terror financing system

The Hindu  

The Financial Action Task Force, following the release of its mutual evaluation report of India on Thursday, said the country had achieved a high level of technical compliance across the FATF recommendations and had taken significant steps to implement measures to tackle illicit finance. Mr. Aggarwal said the FATF appreciated India’s Jan Dhan-Aadhaar-Mobile initiative and the major boost to cashless …

’Committed to fight money laundering, terror financing‘
2 years, 8 months ago

’Committed to fight money laundering, terror financing‘

Live Mint  

Finance minister Nirmala Sitharaman on Friday said India is committed to fighting money laundering and terrorist financing. Acknowledging the Financial Action Task Force’s work in safeguarding the global financial system, Sitharaman said that India is committed to providing the necessary resources and support to the Paris-based intergovernmental organization to combat money laundering, terrorist financing and funding of weapons of mass …

Discover Related