FATF urges India to intensify scrutiny of politicians' bank accounts in anti-money laundering review.
The Financial Action Task Force (FATF) has called on India to enhance scrutiny on the bank accounts of local politicians, government officials, and their families as part of its review of India's anti-money laundering systems. This recommendation is part of the FATF's ongoing review, which began in 2023. The Indian government has been given five years to implement the recommended banking rules before the next review.
August 09, 2024
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