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ATF appreciates India's efforts to combat money laundering
FATF, the global task force to combat money laundering and financing of terrorism, has appreciated Indian government's efforts to deal with menace.
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New Delhi: FATF, the global task force to combat money laundering and financing of terrorism, has appreciated Indian government's efforts to deal with menace.
The plenary meeting of the Financial Action Task Force (FATF) held at Paris also discussed India's progress in dealing with the menace of money laundering with reference to the action plan it had committed in June 2010.
"The plenary appreciated the actions taken by India and the commitment of India to the international Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards," the finance ministry said in a statement.
India is being represented by Bimal Julka, Additional Secretary in the Department of Economic Affairs at the meeting.
The FATF is an inter-governmental body that sets international standards for combating money laundering and the financing of terrorism. India became a member of FATF in June 2010.
The report of FATF Secretariat said that "India continues to be strongly committed to the FATF membership process and to the implementation of an effective AML/CFT framework."
The other member countries of FTAF include Russian Federation, South Korea, Japan, China, Brazil, Argentina, the USA, the UK, Italy, Germany and Australia.
PTI
The plenary meeting of the Financial Action Task Force (FATF) held at Paris also discussed India's progress in dealing with the menace of money laundering with reference to the action plan it had committed in June 2010.
"The plenary appreciated the actions taken by India and the commitment of India to the international Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards," the finance ministry said in a statement.
India is being represented by Bimal Julka, Additional Secretary in the Department of Economic Affairs at the meeting.
The FATF is an inter-governmental body that sets international standards for combating money laundering and the financing of terrorism. India became a member of FATF in June 2010.
The report of FATF Secretariat said that "India continues to be strongly committed to the FATF membership process and to the implementation of an effective AML/CFT framework."
The other member countries of FTAF include Russian Federation, South Korea, Japan, China, Brazil, Argentina, the USA, the UK, Italy, Germany and Australia.
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