<h1>U.S. and India Enhance Cooperation on Anti-Money Laundering and Terrorism Financing, Focus on Virtual Assets and Transparency.</h1> The U.S.-India Anti-Money Laundering and Countering the Financing of Terrorism Dialogue was co-chaired by representatives from the U.S. Treasury and India's Ministry of Finance in New Delhi. The discussions focused on sharing best practices to combat illicit finance, particularly in the context of virtual assets and service providers. Both parties emphasized the need for global adherence to AML/CFT standards to prevent regulatory arbitrage. The dialogue also covered enhancing transparency in beneficial ownership and improving sanctions implementation. The delegations agreed to continue technical discussions and reconvene next year to further strengthen bilateral and multilateral cooperation.