September 19, 2024 11:19 PM

FATF praises India’s efforts against illicit finance but warns of terrorism threats

The Financial Action Task Force (FATF) on Thursday lauded India's efforts to tackle illicit finance but cautioned the country about serious threats related to terrorism and terrorist financing, particularly concerning groups like ISIL and Al Qaeda. In a statement posted on X, FATF highlighted, "India achieved a high level of technical compliance with the FATF Recommendations and has taken substantial measures to tackle illicit finance. However, it must continue to enhance its system as its econ...