FATF may assess India’s anti-crime mechanism

New Delhi, April 11

The FATF, the global body against money laundering and terror-financing, is likely to carry out an evaluation of India’s established mechanism to deal with such financial crimes later this year.

The mutual evaluation of country-specific anti-money laundering and terror-financing mechanism by the Financial Action Task Force (FATF) is a routine ongoing process and is being conducted on all member- countries of the global body on a rotational basis.

The routine process of evaluation of India’s established mechanism against financial crimes by the FATF is likely to be carried out later this year, a government official privy to the matter said. The Centre has written to Jammu and Kashmir and Punjab to nominate an IGP-rank officer each while Gujarat has been asked to nominate a DIG-rank officer to prepare the ground work for the proposed evaluation.— PTI