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FATF review of anti-money laundering, terror financing regime postponed

The FATF is a global money laundering and terrorist financing watchdog

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The review of India's anti-money laundering and terrorist financing regime was scheduled for this year as part of a regular review cycle after 10 years | Photo: Shutterstock

Press Trust of India New Delhi
The much-awaited Financial Action Task Force (FATF) mutual evaluation of India's anti-money laundering regime and legal measures framed to check financial crimes, scheduled for this year, has been postponed till early next year in view of the coronavirus pandemic, officials said.

They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year.

The FATF is a global money laundering and terrorist financing watchdog that sets international standards to prevent illegal
Topics : Coronavirus

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First Published: Jul 26 2020 | 4:03 PM IST

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