The Financial Action Task Force (FATF) on Friday concluded India had a “high level of technical compliance” with its standards to counter money laundering and terror financing and said New Delhi’s mechanisms for this are “achieving good results”.
The Mutual Evaluation Report of India, which was adopted in the FATF plenary held in Singapore between June 26 and June 28, places India in the ‘regular follow-up’ category, a distinction shared by only four other G20 countries. This marks a significant milestone in the nation’s efforts to combat money laundering (ML) and terrorist financing (TF).
