The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its prosecutions in financial fraud cases. The 40-member FATF, established in 1989,

Country has achieved a significant milestone by securing a 'Regular Follow-up' rating from the global money laundering and terrorist financing watchdog

The Financial Action Task Force (FATF) has recognized India's strides against money laundering and terrorism financing with a 'Regular Follow-up' rating. The FATF praised India's structural and institutional frameworks,

FATF also said India has to improve the implementation of cash restrictions by dealers in precious metals and stones as a priority.

FATF urges India to accelerate prosecutions in financial fraud cases, placing India in 'regular follow-up' category.

FATF report on India's AML/CFT system highlights effectiveness but calls for major improvements in prosecution.

The Financial Action Task Force (FATF) has praised India's efforts in combating money laundering and terror financing, urging faster prosecutions in financial fraud cases. The report highlights the need for improvements in prosecution and protection of the non-profit sector from exploitation by terrorist groups.

It, however, said "major improvements" were required to strengthen the prosecution in money laundering and terror financing cases.

India’s battle against money laundering faces significant hurdles, with only 28 convictions in five years, according to FATF. The report outlines key recommendations to address court backlogs and strengthen enforcement efforts.

Terror financing watchdog Financial Action Task Force (FATF) has said India has achieved a high level of technical compliance with its recommendations and taken significant steps to implement measures to tackle illicit finance.