India's banking expansion strengthens AML but still weak for non-financials - FATF

India's surging 7% economic growth has expanded its formal economy, enabling the country to strengthen its anti-money laundering and counter financing of terrorism (AML/CFT) regime, the Financial Action Task Force (FATF) has concluded in its latest mutual evaluation report, although some key weaknesses remain.

By Keith Nuthall

India's surging 7% economic growth has expanded its formal economy, enabling the country to strengthen its anti-money laundering and counter financing of terrorism (AML/CFT) regime, the Financial Action Task Force (FATF) has concluded in its latest mutual evaluation report, although some key weaknesses remain. [1]