MoU to prevent Money laundering & terror financing

In a major boost to bilateral security cooperation, India and Thailand today signed Extradition Treaty. The treaty provides the legal framework for seeking extradition of fugitive offenders, including those involved in terrorism, transnational crimes and economic offences among others. This will help both the countries in expediting extradition of fugitives. It would further strengthen the relationship between two law enforcement agencies by providing a firm legal basis for their bilateral cooperation, the treaty said. Thailand has long been a refuge for underworld dons and outlawed groups.An MoU between Financial Intelligence Unit, India and Anti Money Laundering Organization, Thailand on cooperation in the exchange of intelligence related to money Laundering and terrorism financing was also signed. The MoU will facilitate cooperation in the investigation of persons suspected of money laundering and criminal activity related to money laundering and terrorism financing. The MoU seeks to assemble, develop, analyse and exchange information on such issues.

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