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India and the United States, in 2019, committed to boosting co-operation in tackling money laundering and combating terrorism financing. This was decided during the 7th meeting of the Economic and Financial Partnership (EFP) between the top officials of the two countries. In a joint statement issued after the meeting, both Indian and US officials noted that their relationship has strengthened over time as both sides have developed a holistic approach to tackle money laundering and combat the financing of terrorism, which are the issues of shared concern.

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