FATF praises India’s anti-money laundering, terror financing system

FATF praises India’s anti-money laundering, terror financing system

The Financial Action Task Force said improvements in the system were required to protect the non-profit sector from terror abuse. File | Photo Credit: Reuters Global anti-money laundering and terror financing body, Financial Action Task Force (FATF), launched its much-awaited mutual evaluation report on India, saying the county’s systems were “effective” but “major improvements” were … Read more

india: FATF to come out with India mutual evaluation report on September 19

india: FATF to come out with India mutual evaluation report on September 19

Global crime watchdog FATF will highlight the steps taken by India to counter terror financing and money laundering, and flag priority action areas in the ‘mutual evaluation report’ to be released on September 19, official sources said on Tuesday. The Financial Action Task Force (FATF) had in June adopted the mutual evaluation report on India … Read more