Tag Archives: FATF

The Prevention of Money Laundering Act (PMLA), 2002, is a comprehensive legislation enacted by the Indian Parliament to combat money laundering and related activities. It aims to prevent the use of the financial system for the purpose of concealing or laundering proceeds of crime, to provide for the confiscation of …

The Financial Action Task Force (FATF) is an intergovernmental body established in 1989 based in Paris. It originally included the G7 countries, the European Commission and eight other countries. Today, it comprises of 39 member countries, 2 observer jurisdictions and 9 FATF-Style Regional Bodies. It acts as global money laundering …