(a) whether the Government have recently discussed with USA sharing financial information to crack down on terrorism funding;
(b) if so, the complete details thereof; and
(c) the merits and demerits of such an understanding with the USA?
(a) whether the Government have recently discussed with USA sharing financial information to crack down on terrorism funding;
(b) if so, the complete details thereof; and
(c) the merits and demerits of such an understanding with the USA?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI GINGEE N. RAMACHANDRAN)
(a) & (b):At the fourth meeting of the India- U.S.
Joint working Group on counter -terrorism held on 21-22 January
in New Delhi, the two sides had detailed discussions, inter alia,
on financing of terrorist activities and agreed that the
widespread use of informal channels for financial flows presents
a special challenge to governments. They agreed that closer
cooperation and strengthening mutual capabilities in cutting off
financial flows to terrorist organizations will constitute an
important component of their counter-terrorism cooperation.
( c) International cooperation to cut off financial assets
and transfer of funds to terrorist organizations is an important
component of the war against international terrorism. This is
recognized by the UN Security Resolution 1373 of 28th September
2001.Government cooperates with the international community,
including the United States, in accordance with domestic law
and with due safeguards.