In November 2023, the Financial Action Task Force (FATF) is set to conduct an
onsite review of India’s Anti-Money Laundering (AML) and Counter-Terrorism
Financing (CTF) measures. This review comes a decade after India’s last
appraisal by FATF in 2013, a period marked by significant global financial leaks
regarding its ties with India. These leaks include the Offshore Leaks, Swiss Leaks,
Panama Papers, and Paradise Papers, unveiling layers of secrecy in global financial
transactions involving Indian entities. Notably, the US Treasury Department’s
Financial Crimes Enforcement Network (FinCEN) has highlighted numerous
suspicious transactions involving prominent Indian nationals. This compilation
aims to provide insights into India’s preparedness for the FATF’s upcoming
assessment in November 2023, focusing on potential lapses in its AML and CTF
vigilance.
Skip to content
Skip to footer
