June 28, 2024 5:38 PM

FATF adopts ‘Mutual Evaluation Report of India’ in its June 2024 Plenary held in Singapore

India has been placed in the 'regular follow up category' in the "Mutual Evaluation Report of India" by Financial Action Task Force (FATF). The report was adopted in the FATF plenary held from the 26th to 28th June in Singapore. The Finance Ministry said that it is a distinction shared by only four other G20 countries. The FATF has recognised the efforts made by India in mitigating the risks arising from money laundering and terrorist financing, in transitioning from a cash-based to a digital ec...