The Financial Action Task Force (FATF) announced on Thursday that India has reached “a high level of technical compliance across the FATF Recommendations and has taken significant steps to implement measures to tackle illicit finance,” following a joint assessment with the Asia-Pacific Group on Money Laundering (APG) and the Eurasian Group (EAG).

The report, presented in Paris, commended India’s advancements in combating financial crimes but highlighted the importance of further improvements. As India’s economy and financial system continue to expand, the FATF stressed the need to ensure that money laundering and terrorist financing cases are completed with appropriate sanctions and to adopt a risk-based approach to protect non-profit organizations from misuse in terrorist financing.

Despite strong progress in building an anti-money laundering and counter-terrorism financing (AML/CFT) framework, some sectors remain in the early stages of development. The FATF detailed:

Implementation of preventative measures by the non-financial sector and virtual asset service providers, and supervision of those sectors, is at an early stage. India needs to improve implementation of cash restrictions by dealers in precious metals and stones as a priority given the materiality of the sector.

India’s financial authorities were praised for their coordination and international cooperation, yet the country must address delays in prosecutions. “India is placed in ‘regular follow-up’ and in line with procedures, will report back to the Plenary in three years,” FATF concluded.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。