India: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
January 24, 2011
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India faces a range of money laundering and terrorist financing risks. India continues to be a target for terrorist groups and has been the victim of numerous attacks. Based on a threat assessment, it was found that India's major sources for terrorist financing (FT) were funds/resources from organizations outside India, counterfeiting of currency, and criminal activities. Key recommendations made to India included the need to address the technical shortcomings in the criminalization of both money laundering and terrorist financing and domestic framework of confiscation and provisional measures.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asia and Pacific, authorities in Goa, banking sector, beneficial owner, confiscation regime, CR, customs authorities, disclosure regime, due diligence, Global, government of India, Indian AML, ISCR, law enforcement authorities, Legal support in revenue administration, Money laundering, PML rule, supervisory regime, Terrorism financing
Pages:
26
Volume:
2011
DOI:
Issue:
026
Series:
Country Report No. 2011/026
Stock No:
1INDEA2011001
ISBN:
9781455213849
ISSN:
1934-7685
