India Achieves Outstanding Outcome in FATF Mutual Evaluation Report

The Financial Action Task Force (FATF) has adopted India's Mutual Evaluation Report, recognizing the country's efforts to combat money laundering and terrorist financing. This achievement demonstrates India's commitment to maintaining a robust financial system that adheres to global best practices.

India Achieves Outstanding Outcome in FATF Mutual Evaluation Report
Fri, 28 Jun 2024

In a significant development for India's growing economy, the Financial Action Task Force (FATF) has adopted the country's Mutual Evaluation Report at its June 2024 Plenary held in Singapore.

The report highlights India's efforts to combat Money Laundering and Terrorist Financing, earning recognition from the global anti-money laundering organization.

India has demonstrated significant progress in this regard, achieving an outstanding outcome in the evaluation conducted during 2023-24. The report recognizes India's efforts to strengthen its legal framework, enhance international cooperation, and improve financial institutions' compliance with anti-money laundering and combating the financing of terrorism (CFT) standards.

The FATF has placed India in the 'regular follow-up' category, indicating that the country's progress will continue to be monitored and evaluated regularly. This outcome is a testament to India's continued efforts to improve its anti-money laundering and CFT framework, ensuring a safe and secure financial environment for its citizens and businesses.

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