New Delhi: India on Wednesday became a member of regional body Eurasian Group which is involved in enforcing global standards on anti-money laundering and combating terror financing in Europe and Asia.
India's membership was formalised during the ongoing plenary meeting of the Eurasian Group, currently underway in Moscow, the Finance Ministry said.
"The decision to apply for the membership was taken by the Finance Minister Pranab Mukherjee in December 2010. The support for India's membership was unanimous," it said in a statement.
India is the ninth country to become member of the Eurasian Group.
Other countries in the grouping are Russia, China, Turkmenistan, Serbia, Tajikistan, Uzbekistan, Belarus and, Kazakhstan. The group also has 16 other nations and 15 organisations as observers.
"In addition to playing its own role in fighting terror, India is committed at the highest levels of the government to adopt, enforce and contribute to international best practices in anti-money laundering and combating the financing," the ministry said.
It exuded confidence that India would be able to learn from the experience of the member nations of Eurasian Group and also contribute to the collective efforts in achieving its goals.
"In the process, India would be able to work towards achieving a more transparent stable financial system by ensuring that financial institutions are not vulnerable to infiltration or abuse by organised crime groups," Finmin said.
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