FATF Evaluation of India Postponed

An analysis by the Financial Action Task Force (FATF)  of India’s anti-money laundering and countering terrorist financing regime has been postponed again due to the COVID-19 pandemic and will take place next year, officials said.

The scheduled assessment for the country by the Paris-headquartered watchdog was originally supposed to take place between September-October, 2020.

These dates were postponed and pushed to February this year, however, in view of the coronavirus outbreak currently plaguing nations worldwide.

“The schedule for FATF mutual evaluation has again been postponed from February, 2021 and it is tentatively expected to begin in September, 2022 now,” a senior government officer is quoted as saying.

The FATF plenary is to be conducted in October, 2023 and will discuss the Indian assessment and ‘mutual evaluation report’ . The plenary will then be published for public consumption around 10 months after the date of the on-site visit (February 2023), he said.

India’s last review was held in June, 2010 and such assessments are usually performed again after a period of 10 years.

You May Also Like

InScope 7.11: August 2021

InScope 7.11: August 2021

NCMB Consulting Case Study

NCMB Consulting Case Study

MAZARS (MALTA) -Client testimonial

MAZARS (MALTA) -Client testimonial

The Cost of AML

The Cost of AML