INDIAN AML REFORMS MAY HELP SECURE A POSITIVE FATF MER ASSESSMENT, BUT WEAKNESSES WILL BE FOUND, SAY EXPERTS
July 2nd, 2020
As the Financial Action Task Force (FATF) prepares to review India’s compliance with its AML/CFT recommendations during 2021, government authorities in New Delhi are confident of a positive resulting mutual evaluation report (MER).
According to Pawan Singh Tomar, former Principal Commissioner of Income Tax at India’s Income Tax Department, government official claims are not based on hubris.
He highlighted how India has passed a series of AML/CFT Reforms in the past two years: “The approach of Indian authorities is not just active but rather proactive,” ...
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