INDIA STRENGTHENS ITS AML REGIME; GETS ON BOARD WITH FATF
January 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
A RAFT of legislative and administrative changes drafted and introduced last year have been designed to make India to conform with Financial Action Task Force (FATF) guidelines, answering a critical 2010 assessment.
"India is largely compliant with the FATF recommendations, both by the way of technical compliance and effectiveness of implementation," said a senior Indian government official who deals closely with money laundering issues.
New Delhi's progress is being closely monitored by the FATF headquarters in ...
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