An agreement was reached between the Reserve Bank of India and Bank Indonesia to increase collaboration in payment systems, digital financial innovation, anti-money laundering, and countering the funding of terrorism (AML-CFT). On the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Bali, the two central banks agreed to a Memorandum of Understanding (MoU) to further their mutual cooperation.
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According to the statement, such measures will be carried out through routine discussion of current financial and economic concerns and trends, technical collaboration through training and joint seminars, and cooperative work to investigate the creation of cross-border retail payment linkages.
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