New Delhi, May 25 (PTI) Industry body Assocham has inked an agreement with cost accountants' apex body ICMAI with an aim to prevent money laundering and transnational financial crimes.

Both entities have entered into a memorandum of understanding (MoU) in this regard.

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The strategic collaboration aims to drive professional and organisational development in the realm of money laundering prevention and related transnational financial crimes, according to a release on Thursday.

By jointly identifying and implementing capacity-building initiatives, promoting awareness and offering diploma and certificate programmes, the partnership seeks to foster good governance and ensure greater transparency in the economy.

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The alliance will actively share case studies and national surveys pertaining to financial crimes in India and abroad, with a specific focus on the Prevention of Money Laundering Act, 2002, as per the release.

Additionally, they will collaborate on research, knowledge exchange and joint publications in various areas, such as money laundering, economic and financial crimes, and forensics.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)