Terrorist Financing

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FATF report says Indian jewellery sector vulnerable to money laundering

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The Financial Action Task Force (FATF), an international organization for preventing economic crimes, has made major claims against the Indian jewellery industry. FATF said that this sector in India can be used to transfer large amounts of money. The organization also mentioned the difficulty in tracking the transferred funds. FATF expressed concerns that it could

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India News / Top Stories

FATF praises India’s “effective efforts in preventing money laundering and terrorist financing”

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The international financial crime prevention body FATF praised India’s efforts to combat money laundering in a report released on Thursday. The report released by FATF stated that India’s measures to combat money laundering and terrorist financing are quite effective. However, FATF acknowledged that major reforms are needed to strengthen the prosecution of these cases. India’s

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