7 South-asian nations team up to tackle black money

  1. They have a cool name – South Asian Regional Intelligence and Coordination Centre (SARICC) and they are going to tackle money laundering.
  2. This is first time an attempt is being made to establish such a centre in South Asia.
  3. And no points for guessing, India is spearheading this initiative!
  4. Nepal, Bhutan, Bangladesh, Myanmar, Sri Lanka and Maldives are also part of it.
Foreign Policy Watch: India-SAARC Nations
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