The Indian Parliament on Thursday passed a new anti-money laundering bill, according to reports in the local media. The Press Trust of India news agency revealed late last week that the legislation was passed by both houses in a voice vote without debate.
The bill was reportedly drafted along the lines of a 1990 UN General Assembly resolution which urged member states to act against money laundering by adopting national programmes and legislation.
India also joined with other G-20 countries in strengthening its resolve to counter terrorist financing and to continue: 'efforts to eliminate other abuses of the financial system, particularly money laundering' at a meeting in New Delhi last week.
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