India inks agreement with EAG to counter terrorist financing

January 9, 2012

India signed an agreement with the Eurasian Group (EAG) to inter-alia enhance cooperation in the areas of money laundering and terrorist financing. The Cabinet had approved the agreement earlier this month.
A six-member Indian delegation led by Dr Mathew attended the 15th Plenary Meeting of the Eurasian Group (EAG) on Combating Money Laundering and Financing of Terrorism, held in China.
The EAG is a Financial Action Task Force (FATF) styled regional body with 9 members including India, Russia and China and 29 observers of which 12 are countries and 17 are international organisations. India was accorded membership in the EAG in December 2010. There are 9 such regional bodies spread across the world.