India, US to Cooperate in Curbing Money Laundering


New Delhi, May 28 (IANS): India and the United States Friday agreed to cooperate in investigating money laundering, drug money flow, customs issues and in tracing black money.

Secretary of US Department of Homeland Security Janet Napolitano called on Finance Minister Pranab Mukherjee here to discuss the ways to enhance cooperation between the two countries on these issues.

Napolitano sought cooperation and offered assistance in combating money laundering, counterfeiting of currency, cross-border terrorism, and ensuring cyber security, secured cargo through Authorised Economic Operator scheme and non-intrusive cargo inspection, the finance ministry said in a statement after the meeting.

Mukherjee stressed the need for cooperation in investigations relating to money laundering, drug money flow, stashing of black money abroad and transfer-pricing mechanism, it said.

  

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Title: India, US to Cooperate in Curbing Money Laundering



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