TNPSC Thervupettagam

FATF On-Site Review in India

November 20 , 2023 242 days 296 0
  • A Financial Action Task Force (FATF) team is visiting India as part of the process to conduct the country’s mutual evaluations.
  • The FATF team is carry out an assessment of anti-money laundering and terror financing measures taken by the country.
  • FATF comprises 39 members and sets international standards to prevent illegal activities, including drugs, human trafficking and other crimes.
  • FATF has two types of lists viz. Grey List and Black List.
  • Myanmar, Iran, and North Korea are on its 'Black List'.

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