PARIS: The Financial Action Task Force (FATF) will start a review of India’s anti-terror financing and money laundering measures this year.
According to the details, FATF has prepared a plan to review India’s measures to prevent terror financing and money laundering.
FATF will start reviewing India’s anti-terror financing and anti-money laundering measures this year.
The period for on-site review of India’s actions under the FATF plan will be November 2023.
India’s actions are planned to be discussed at the FATF meeting in June 2024. The last time India was evaluated by FATF was in June 2010.
FATF has postponed India’s evaluation of ML and CFT laws twice since 2019, but the list of countries whose actions will be evaluated by FATF does not include Pakistan.
Officials have said that last year, Pakistan crossed the milestone at the global level, in October 2022, FATF removed Pakistan from the gray list.
Pakistan successfully implemented the FTF Action Plan quickly, FATF removed Pakistan from the gray list after 4 years and 4 months.
Pakistan has implemented all 34 points under both FATF action plans, FATF added Pakistan to the graylist in June 2018.
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