Dhaka, July 21 -- BIMSTEC Member States finalised an Action Plan to Prevent Illicit Financial Flows in the region as well as a Memorandum of Understanding(MoU) on capacity building to combat money laundering and terrorist financing.

In a meeting on Monday they also agreed to develop a BIMSTEC AML/CFT Work Plan (2026-2028) and emphasised the operationalisation of the BIMSTEC AML/CFT Contact Point Network to deepen cooperation among Financial Intelligence Units.

The Department of Revenue, Ministry of Finance, Government of India hosted the 14th meeting of the BIMSTEC Sub-Group on Anti-Money Laundering and Combating the

Financing of Terrorism in Shillong, India and discussed the issue.

The Member States reaffirmed their shared commitment...