Financial Action Task Force

Published on 25 Mar 2025

•  India has achieved an outstanding outcome in the Mutual Evaluation by the FATF for 2023-24, placing it in the “regular follow-up” category, shared by only four other G-20 countries.
• FATF is an intergovernmental watchdog set up in 1989 out of a G-7 meeting.
• It is headquartered in Paris, France.
• India joined with ‘observer’ status in 2006 and became a full member of FATF in 2010.
•  FATF maintains two primary lists to identify countries with deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) regimes.
• Grey list (Jurisdictions under Increased Monitoring) Includes countries that are considered safe haven for supporting terror funding and money laundering.
• Black list (High-Risk Jurisdictions subject to a Call for Action) Includes Non-Cooperative Countries or Territories (NCCTs) that support terror funding and money laundering activities.

Objectives of FATF:

• Examine and develop measures to combat money laundering.
• Efforts to combat terror financing.
• Counter the financing of proliferation of Weapon of Mass Destruction (WMD).

Keywords:

Terrorism FATF Financial terrorism Grey list Black list Money Laundering