India not a destination for money laundering, ‘victim of terror’ from Al-Qaeda, ISIL: FATF
FATF has released India’s mutual evaluation report on combating terror financing and anti-money laundering regime.
FATF has released India’s mutual evaluation report on combating terror financing and anti-money laundering regime.
The recent recommendations by the Financial Action Task Force (FATF) for India to strengthen scrutiny on the bank accounts of politically exposed persons (PEPs) signify a crucial step in combating corruption and enhancing transparency within the financial system.
The Mutual Evaluation Report of India was adopted in the FATF plenary held in Singapore between June 26th and June 28th, 2024.
The GST Council in its 50th meeting on Tuesday, presided over by Union Finance Minister Nirmala Sitharaman, exempted cancer treatment drugs, special medicines, and food for medical purpose from levy of the Goods and Services Tax
The statement was released during the one-on-one meeting between Prime Minister Modi and US President Joe Biden at the Oval Office in the White House, on Thursday.
The FATF in October last decided to keep Pakistan on its 'Grey' list for failure to curb funnelling of funds to terror groups Lashkar-e-Taiba, Jaish-e-Mohammed and others.
The plenary session of FATF will be held in Paris on Friday.
Without naming Pakistan, the FATF said in a statement that terrorists use various methods to gain financing, including using social media to identify new followers and to solicit financial or other forms of material support.
Notwithstanding India's objection, Turkish President Recep Tayyip Erdogan on Friday once again raked up the Kashmir issue, vowing that Ankara will support Pakistan's stand as it is a matter of concern to both the countries.
The Lahore anti-terrorism court has sentenced the man to imprisonment for five-and-a-half years and a fine of Rs 15,000 in each of the two cases.
