INDIA KEEPS FIGHTING ML AND TF, BUT SOME EFFORTS MISFIRE
June 1st, 2018
India may have undertaken extreme demonetisation of higher value currency notes and closed more than 200,000 shell companies to curb money laundering and terrorism financing, but its progress against fighting ML and TF remains impeded. Of key concern, say AML/CFT experts are investigating agencies’ weak independence and deeply entrenched political corruption.
Election campaigns along with real estate sales, gold purchases, educational programmes and charities launder illicit funds in India, said the latest USA state department’s International Narcotics ...
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