Laundering Bill will tighten rules, Jalan tells US

INDIA - The US has asked India to "redouble efforts against hawala" as part of the proposed measure to combat terrorist financing, Kenneth Dam, deputy secretary, US treasury department, told the media on Monday.

Reserve Bank of India governor Bimal Jalan has told Dam that banks have been asked to be more vigilant and ensure the identity of depositors. Stronger measures would be in place as soon as the Money Laundering Bill is passed, he told Dam.

Dam discussed mutual cooperation with Jalan to t