Sitharaman for strengthening global architecture to combat financial crimes

Finance Minister Nirmala Sitharaman on Sunday made a case for further strengthening of global architecture to combat financial crimes, money laundering and sharing of information about different asset classes including crypto currencies. Addressing a 'G20 High-Level Tax Symposium on Combating Tax Evasion, Corruption and Money Laundering', the minister exuded confidence that G20 will continue to assist the jurisdictions in enhancing their law enforcement capacity. Under the G20 Presidency, Sitharaman said, India has taken the lead for building capacity in tax and financial crime investigation in the South Asian region in collaboration with OECD. India has decided to launch a pilot on tax and financial crime investigation in collaboration with OECD for the South Asian Region beginning at the Regional Campus of National Academy of Direct Taxes in New Delhi on July 18. Observing that G20 has helped spearhead a number of reforms to the global tax, anti-corruption and anti-money launderi

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