The government on Monday set up a high-level inter-ministerial committee chaired by revenue secretary for better coordination among various departments and law enforcement agencies to prevent money laundering activities.
The 19-member Inter-Ministerial Co-ordination Committee has five secretaries, including from ministries of finance and external affairs, and chiefs of various regulatory authorities, as well as probe agencies, according to a notification.
Besides ensuring operational co-operation between the government, law enforcement agencies, the Financial Intelligence Unit-India and the regulators or supervisors, the committee would also work on development and implementing policies on anti-money laundering and countering the financing of terrorism.
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