NEW DELHI: India and the US on Thursday recognised the urgent want to speed up international implementation of anti-money laundering/countering the financing of terrorism requirements for digital belongings, in keeping with the monetary motion job pressure (FATF) suggestions, to successfully handle the difficulty of regulatory arbitrage.
The two international locations 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 greatest practices on how to strengthen the collective efforts of each the international locations to handle illicit finance threat throughout the 2 international locations and the worldwide monetary techniques. “In forum sessions, our participants discussed each country’s experience with virtual assets and virtual asset service providers, given the focus area of both sides to promote responsible innovation, while mitigating illicit finance risks,” in accordance to a joint assertion issued after the assembly.
The two international locations 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 greatest practices on how to strengthen the collective efforts of each the international locations to handle illicit finance threat throughout the 2 international locations and the worldwide monetary techniques. “In forum sessions, our participants discussed each country’s experience with virtual assets and virtual asset service providers, given the focus area of both sides to promote responsible innovation, while mitigating illicit finance risks,” in accordance to a joint assertion issued after the assembly.
