India and the US have joined hands to crack down on the financial network and fund raising activities of Pakistan-based terror outfits.
"India and USA 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 Bilateral discussion," Minister of State for Home RPN Singh informed Lok Sabha in reply to a written question.
The India-US bilateral meeting, held on the sidelines of the Financial Action Task Force (FATF) in October 2013, facilitated exchange of such information between concerned agencies of both the countries.
Singh said India and the US have also agreed to have cooperation between their agencies in fighting against counterfeit currency and illegal financial transactions under the aegis of the India-US Homeland Security Dialogue.
A sub group of "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," he said.
"India and USA 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 Bilateral discussion," Minister of State for Home RPN Singh informed Lok Sabha in reply to a written question.
The India-US bilateral meeting, held on the sidelines of the Financial Action Task Force (FATF) in October 2013, facilitated exchange of such information between concerned agencies of both the countries.
Singh said India and the US have also agreed to have cooperation between their agencies in fighting against counterfeit currency and illegal financial transactions under the aegis of the India-US Homeland Security Dialogue.
A sub group of "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," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%