India faces terrorist financing risk: IMF

Financial Action Task Force on Money Laundering

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India, which has witnessed numerous terror attacks and still remains a potential target for such strikes, faces significant money laundering and terrorist financing risk, the IMF has warned. The International Monetary Fund in its report “India: Observance of Standards and Codes FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism” however appreciate the steps taken by New Delhi to counter money laundering and terrorist financing. Continue reading