Indo-US co­op­er­a­tion to crack ter­ror fund­ing


In­dia and the United States have agreed to work to­gether to crack the fi­nan­cial net­work and fund-rais­ing ac­tiv­i­ties of Pak­istan based ter­ror out­fits and in­di­vid­ual ter­ror­ists as­so­ci­ated with these or­gan­i­sa­tions un­der the frame­work of Indo-US (Min­istry of Home Af­fairs and Depart­ment of Home­land Se­cu­rity) bi­lat- eral dis­cus­sions.

Indo-US bi­lat­eral meet­ing held in Oc­to­ber 2013 fa­cil­i­tated ex­change of such in­for­ma­tion be­tween con­cerned agencies of both the coun­tries. In­dia and the United States have agreed to have co­op­er­a­tion be­tween their agencies in fight­ing against coun­ter­feit cur­rency and il­le­gal fi­nan­cial trans­ac­tions un­der the aegis of Indo-US Home­land Se­cu­rity di­a­logue. A sub-group on “il­licit fi­nance, il­le­gal smug­gling of cash, fi­nan­cial fraud and coun­ter­feit­ing” has been formed to work with the ar­eas of in­for­ma­tion ex­change, ca­pac­ity build­ing and tech­ni­cal/re­search co­op­er­a­tion. US Home­land Se­cu­rity and In­dian agencies are work­ing to­gether to in­ves­ti­gate sources of ma­te­rial and tech­nolo­gies used in the pro­duc­tion of FICN.

Fi­nan­cial In­tel­li­gence Unit-In­dia (FIU-IND) and FinCEN (FIU of the USA) have also signed a me­moran­dum of un­der­stand­ing (MoU) for co­op­er­a­tion and ex­change of in­for­ma­tion in March 2010, as mem­bers of the Eg­mont Group of FIUs which cov­ers as wide range of of­fences, in­clud­ing coun­ter­feit­ing of cur­rency and il­le­gal fi­nan­cial trans­ac­tions.

This was stated by R.P.N. Singh, Min­is­ter of State in the Min­istry of Home Af­fairs, in a writ­ten re­ply to a ques­tion by M. Anan­dan in the Lok Sabha re­cently. SP

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