Indian government and judiciary reports, FATF assessments

FATF Recognizes India's High Compliance with AML/CFT Standards, Places in 'Regular Follow-Up'

Jun 28, 2024, 10:32 AM

The Financial Action Task Force (FATF) has recognized India for achieving a high level of technical compliance with its anti-money laundering (AML) and counter-terrorist financing (CFT) standards. During the 2023-24 Mutual Evaluation, which was adopted at the FATF plenary in Singapore from June 26th to June 28th, 2024, India was praised for its efforts and results in curbing money laundering and terrorist financing. Despite these achievements, the FATF noted that India needs to improve its supervision of preventative measures in some non-financial sectors and address prosecution delays. India has been placed in the 'regular follow-up' category, a distinction shared by only four other G20 countries. The FATF also highlighted India's efforts in the Proliferation of Weapons of Mass Destruction (CPF) and recognized the outstanding outcome of the evaluation.