Financial Action Task Force (FATF) released India’s mutual evaluation report on combating terror financing and anti-money laundering regime, and placed the country in “regular follow-up” category.

• It gave top rating to India, lauding national efforts to tackle illicit finances.

ABOUT

• FATF is an intergovernmental organisation.
• Founded in 1989
• Objective : to combat money laundering, terrorist financing, and other threats to the integrity of the international financial system.
• It sets international standards and promotes measures to ensure effective implementation of these standards by member countries.
• Membership: 39 members, including major economies and international organizations like the IMF and the World Bank.
• Headquarter : Paris, France