FATF evaluation of India’s anti-laundering norms put off

FATF evaluation of India’s  anti-laundering norms put off

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New Delhi, July 18

An evaluation by the Financial Action Task Force (FATF) to analyse the effectiveness of India’s anti-money laundering and countering terrorist financing regime has been postponed for the second time in view of the ongoing Covid-19 pandemic and is now slated to be initiated next year, officials said.

The scheduled assessment for the country by the Paris-headquartered watchdog was originally slated for September-October 2020.

However, these dates were postponed and pushed to February by the FATF secretariat in view of the Covid outbreak. “Now, it is tentatively expected to begin in September 2022,” a government officer said. — TNS

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