Anti-Terror Watchdog Praises India's Efforts In Combating Money Laundering

The Financial Action Task Force leads global action to tackle money laundering, terrorist and proliferation financing.

The Financial Action Task Force (FATF) on Friday adopted the mutual evaluation report of India's anti-money laundering and countering the financing of terrorism regime, a move the government termed a "significant milestone".

In its brief outcome statement after its plenary meeting here, the global body said India's legal regime in these two domains was achieving good results.

It, however, said the country needs to address delays relating to concluding money laundering and terrorist financing prosecutions.