FATF, India
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its prosecutions in financial fraud cases. The 40-member FATF, established in 1989,
FATF lauds India’s competence to combat money laundering, terror financing; seeks better prosecution
Global anti-money laundering and counter-terror financing body FATF on Thursday released India’s much anticipated mutual evaluation report, saying the country’s systems in these domains were “effective” but “major improvements” were required to strengthen prosecution in such cases.
India accused of using anti-money laundering laws to harass non-profits
India must stop its "witch hunt" against civil society groups under the pretext of tackling money laundering or terrorism financing, Amnesty International has said following a report by a global money laundering watchdog.
FATF Hails India's Anti-Money Laundering, Terror Financing System; Calls For 'Major Improvements'
It, however, said "major improvements" were required to strengthen the prosecution in money laundering and terror financing cases.
India using anti-money laundering laws to harass NGOs
India must stop its "witch hunt" against civil society groups under the pretext of tackling money laundering or terrorism financing, Amnesty International has said following a report by a global money-laundering watchdog.
FATF Commends India's Anti-Money Laundering Efforts
The Financial Action Task Force (FATF) has recognized India's strides against money laundering and terrorism financing with a 'Regular Follow-up' rating. The FATF praised India's structural and institutional frameworks,
FATF on India: Effective anti-money laundering system, low prosecution
For the non-profit organisations (NPO) sector, the FATF said India should ensure that measures aimed at preventing the sector from being abused for terror financing are implemented.
Money laundering convictions capped by India court capacity, says FATF
India’s battle against money laundering faces significant hurdles, with only 28 convictions in five years, according to FATF. The report outlines key recommendations to address court backlogs and strengthen enforcement efforts.
FATF urges India to reduce pending laundering cases
The Financial Action Task Force has acknowledged India's efforts but called for reducing pending money laundering cases and significant changes in prosecuting terror financing. The report highlights threats from extremist groups and stresses the need for better regulation of non-profits to prevent their misuse for terrorist financing.
FATF asks India to speed money laundering cases
FATF also said India has to improve the implementation of cash restrictions by dealers in precious metals and stones as a priority.
FATF praises India's efforts to combat money laundering, says country a 'victim of terror' from Al-Qaeda, ISIL
As per the report, India’s main sources of money laundering originate from illegal activities committed within the country.
Jewellery sector used for money laundering
The ease with which the trade of precious metals and stones can be used to move large amounts of funds without leaving an ...
FATF report praises India's anti-money laundering efforts, warns of Al-Qaeda threats in Jammu and Kashmir
The FATF, the global financial crime watchdog, said India's improvements are required to protect the non-profit sector from ...
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FATF report commends India’s anti-money laundering measures, alerts on Al-Qaeda risks in Jammu and Kashmir
FATF praises India: India, home to the world's largest population and the fifth-largest economy, faces primary money ...