India, US discuss measures to combat money laundering, terror financing

India and the US have discussed a wide range of issues including measures to combat money laundering and terror financing. In a joint statement after 7th India-US Economic and Financial Partnership meeting in New Delhi, the two countries noted that they have developed a historic approach to tackling money laundering and combating terror financing. The Indian side at the meeting was led by Finance Minister Nirmala Sitharaman, while the US delegation was led by the Treasury Secretary Steven Mnuchin.

Briefing reporters Ms Sitharaman said, during the meeting both sides took stock of efforts undertaken to further improve mutual cooperation on a wide range of multilateral issues.  She said, both sides not only discussed policies to stimulate growth but also deliberate on the significant steps were taken by the two countries to strengthen the financial sector. Ms. Sitharaman said, they also discussed investment in infrastructure and deepening of financial relations.

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