FATF

FATF praises India’s PMLA, terror financing; asks to improve prosecution

TheSpuzz Desk2 months ago03 mins

Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 5:37 PM IST Global anti-money laundering and terror financing body FATF on Thursday launched its much-awaited mutual evaluation report on India, saying the county’s systems were “effective” but “major improvements” were required to strengthen prosecution in these cases. The 368-page…

India pitches for more info sharing on cross-border payments at FATF

TheSpuzz Desk2 months ago06 mins

Source: Business Standard 4 min read Last Updated : Sep 10 2024 | 9:05 PM IST India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF) so that the sender and recipient in a cross-border financial transaction can be easily identified…

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FATF praises India’s PMLA, terror financing; asks to improve prosecution

India pitches for more info sharing on cross-border payments at FATF