360° Coverage : India, US to target terrorist financing, money laundering

1 Updates
India, US to target terrorist financing, money laundering
Photo Credit: , Getty Images

India, US to target terrorist financing, money laundering

Oct 13 2013, 1:42pm CDT | by IANS

Washington, Oct 13 (IANS) Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Washington, Oct 13 — Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations,...

Filed under: news

YouTube Videos

 
 
 

1 year ago

India, US to target terrorist financing, money laundering

Oct 13 2013, 1:42pm CDT | by IANS

Washington, Oct 13 (IANS) Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Washington, Oct 13 — Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Besides LeT, held responsible for the November 2008 Mumbai terrorist attacks, also targeted will be its religious front Jamaat-ud Dawa (JuD) headed by Mumbai attack mastermind Hafez Saeed, and the Haqqani Network, which is blamed for the 2008 Indian embassy bombing in Kabul.

The agreement to target terrorism financing was reached at the fourth annual meeting of the US-India Economic and Financial Partnership here Sunday, co-chaired by Indian Finance Minister P. Chidambaram and US Treasury Secretary Jacob Lew.

They also agreed to enhance cooperation between the agencies of the two countries in fighting against counterfeiting currency and illicit financial flows, Arvind Mayaram, secretary, department of economic affairs, said in press statement.

The two sides also agreed to increase engagement by experts from both governments to make "expeditious progress to address all trade and investment policy issues of bilateral concern so as to remove obstacles and improve the business environment in both countries," he said.

Chidambaram and Lew agreed to deepen India-US cooperation bilaterally and in multilateral fora, including the G-20, to achieve reforms for stronger, more sustainable and more balanced growth, Mayaram said.

"They also reaffirmed the importance of enhancing the credibility, legitimacy and effectiveness of the International Monetary Fund and the urgent need to ratify the 2010 IMF Quota and Governance Reform," he said.

They also agreed to continue working towards a greater understanding of all investment related issues including taxation and IT enabled services, an equitable and principled resolution of ongoing tax disputes, and strengthened bilateral ties in this regard.

The two leaders agreed to continue to cooperate on deepening capital markets and strengthening financial regulation, Mayaram said.

The meeting was also attended by Reserve Bank of India Governor Raghuram Rajan, Secretary-Financial Services Rajiv Takru, Indian Ambassador Nirupama Rao and Securities Exchange Board of India Chairman U.K. Sinha.

On the US side, Chairman of US Federal Reserve Ben Bernanke and US Treasury Under Secretary Lael Brainard joined the discussions.

Discussing recent economic and financial developments in the two economies, Chidambaram and Lew agreed that sound macroeconomic policies, structural reforms, and strong prudential frameworks will help them increase resiliency to financial market volatility and boost economic growth, Mayaram said.

The leaders discussed the importance of investment for driving economic growth and job creation in the two economies and ways to improve the enabling environments to mobilise investment, especially for the financing of infrastructure.

The next meeting of the Partnership will be held in New Delhi in 2014.

Chidambaram leaves later Sunday for San Francisco where he would interact with the investors and highlight India as a highly attractive destination for investment. He would return home Oct 16.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Air strikes kill 28 militants in Pakistan
Islamabad, Oct 21 (IANS) At least 28 militants were killed when the Pakistani army launched an air strike in the country's northwest tribal town of Datta Khel Tuesday, military said.
 
 
Report reveals large-scale torture in China's 'Black Jails'
Beijing, Oct 21 (IANS/EFE) The use of hotels and factories as clandestine prisons where thousands of people -- mostly women -- are tortured to prevent their complaints against the government from coming to light has rapidly increased in China, an organisation Chinese Human Rights Defenders (CHRD) said Tuesday.
 
 
IS seizes weapons airdropped for Kurds in Syria
Damascus, Oct 21 (IANS) The Islamic State (IS) militants captured one of the weapons shipments airdropped by the US to the Kurdish fighters of the People Protection Units (YPG) in the city of Kobane in northern Syria, the Syrian Observatory for Human Rights (SOHR) said Tuesday.
 
 
Over 40 Nusra Front fighters desert to join IS
Beirut, Oct 21 (IANS/EFE) Some 40 fighters from the Nusra Front, Al Qaeda's Syrian affiliate, have joined the Islamic State (IS) Sunni radical group in recent months, the Syrian Observatory for Human Rights (SOHR) said Tuesday.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla