NEW DELHI: India and the US on Thursday recognised the urgent have to speed up international implementation of anti-money laundering/countering the financing of terrorism requirements for digital belongings, in step with the monetary motion activity pressure (FATF) suggestions, to successfully deal with the difficulty of regulatory arbitrage.
The 2 nations met within the nationwide capital and co-chaired the India-US anti-money laundering/countering the financing of terrorism (AML/CFT) dialogue.The Indian aspect was led by income secretary Sanjay Malhotra, whereas US Treasury below secretary for terrorism and monetary intelligence, Brian Nelson, represented the US.
The co-chairs reconvened the India-US AML/CFT dialogue as it’s an efficient discussion board for India and the US to share views and finest practices on how you can strengthen the collective efforts of each the nations to handle illicit finance danger throughout the 2 nations and the worldwide monetary techniques. “In discussion board periods, our members mentioned every nation’s expertise with digital belongings and digital asset service suppliers, given the main focus space of each side to advertise accountable innovation, whereas mitigating illicit finance dangers,” in accordance with a joint assertion issued after the assembly.
The 2 nations met within the nationwide capital and co-chaired the India-US anti-money laundering/countering the financing of terrorism (AML/CFT) dialogue.The Indian aspect was led by income secretary Sanjay Malhotra, whereas US Treasury below secretary for terrorism and monetary intelligence, Brian Nelson, represented the US.
The co-chairs reconvened the India-US AML/CFT dialogue as it’s an efficient discussion board for India and the US to share views and finest practices on how you can strengthen the collective efforts of each the nations to handle illicit finance danger throughout the 2 nations and the worldwide monetary techniques. “In discussion board periods, our members mentioned every nation’s expertise with digital belongings and digital asset service suppliers, given the main focus space of each side to advertise accountable innovation, whereas mitigating illicit finance dangers,” in accordance with a joint assertion issued after the assembly.
