Saturday, March 6, 2010

Money laundering and terror funding-Govt to enet Mou with other Countries


money-laundering.jpg (250×250)
Mar 6, 2010
The Government of India is  to enter into Memorandum 
of Understanding (MOU) with  other
countries to exchange information pertaining to 
money laundering and terror funding.

So far,the Govt signed MOUs with  Mauritius, 
Philippines, Brazil, Malaysia, Russian Federation, Australia 
and Canada and information is being shared between india and its counterparts. 

Further, India has entered into MOUs with China and 
Vietnam which find mention of crime relating to money laundering.

This information was given by Minister of State for Finance, 
Shri S.S. Palanimanickam in reply to a question raised by 
Shri Baijayant Jay Panda in Lok Sabha on 05.03.2010.

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