@FATFNews: “The more people are locked out of the formal financial sector – for whatever reason – the bigger the grey & informal sector will be, and the more opportunities there will be for genuinely bad actors to hide in the crowd”, said FATF President @ElisadeAnda at the 2024 AFI GPF.

In particular, India should ensure that #moneylaundering and #terroristfinancing trials are completed and offenders are subject to appropriate sanctions; and take a risk-based and educative… Bron@FATFNews: In particular, India should ensure that #moneylaundering and #terroristfinancing trials are completed and offenders are subject to appropriate sanctions; and take a risk-based and educative approach with non-profit organisations. 2/2 ▶️ #APG #EAG

India achieved a high-level of technical compliance across the FATF Recommendations and has taken significant steps to implement measures to tackle illicit finance. Nevertheless, India… Bron@FATFNews: India achieved a high-level of technical compliance across the FATF Recommendations and has taken significant steps to implement measures to tackle illicit finance. Nevertheless, India needs to continue to improve its system as its economy & financial system continue to grow. 1/2

MONEYVAL’s recent assessment of Jersey’s measures to tackle #moneylaundering #terroristfinancing acknowledges progress and highlights areas for further action, incl. practical application of frameworks for money… Bron@FATFNews: MONEYVAL’s recent assessment of Jersey’s measures to tackle #moneylaundering #terroristfinancing acknowledges progress and highlights areas for further action, incl. practical application of frameworks for money laundering investigations & prosecutions