G-20 wants all nations to sign Convention on money laundering
To combat money laundering and financing of terrorism, the G-20 Finance Ministers has called upon all nations to sign the global convention for comprehensive exchange of information. "We call upon all countries to join the Global Forum on transparency and to sign on the Multilateral Convention on Mutual Assistance...to combat money laundering and the financing of terrorism and proliferation of weapons of mass destruction," said the communique issued after G-20 meeting of Finance Ministers and Central Bank Governors in Washington on Saturday. G-20 is a grouping of rich and developing countries. The Multilateral Convention on Mutual Administrative Assistance facilitates sharing of tax information among the member countries. India for long has been pressing for automatic exchange of information among the countries to deal with the menac...