India received a positive FATF mutual evaluation for 2023-24, placing it in the "regular follow-up" category for combating money laundering and terrorist financing.
India has received an "outstanding outcome" in its mutual evaluation by the Financial Action Task Force (FATF) for 2023-24, placing it in the "regular follow-up" category, shared by only four other G-20 countries. This milestone demonstrates India's efforts in combating money laundering (ML) and terrorist financing (TF), highlighting the nation's commitment to international standards and its proactive stance in the global fight against financial crimes. The FATF recognized India's implementation of measures to mitigate money laundering and terrorist financing risks, including the transition from a cash-based to a digital economy. This positive evaluation could lead to better access to global financial markets and institutions, increasing investor confidence and enhancing India's financial inclusion efforts.