U.S. Charge d' Affaires Steven J. White Congratulates India on Its membership In The Financial Action Task Force (FATF)

July 3, 2010

New Delhi- On June 25 the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering and counter financing of terrorism (AML/CFT) efforts, voted to admit India as its 34th country member.

Congratulating India on its new membership, U.S. Charge d´Affaires Steven J. White said, "India has made significant progress over the last several years in moving toward an anti-money laundering and terrorist financing (AML/CFT) regime that meets international standards, and has committed itself to continue to improve its AML/CFT system. We welcome India as a full member of the FATF, and we look forward to working more closely with India on these important issues.

Pursuit of terror finance is a critical component of our broader counter-terrorism efforts, in which the United States and India increasingly work together shoulder-to-shoulder."