 "significant beneficial ownership, Financial Action Task Force,FATF, Money laundering, fraud, scam, audit, companies")
Put off twice in the last two years due to Covid-19 pandemic, the evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year. There are reasons the assessment this time round will be of significance.
What is FATF and what is its objective?
FATF is an inter-governmental body that sets standards, and develops and promotes policies to combat money laundering and terrorist financing. FATF’s international standards aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, FATF works to generate the necessary political will to
