A review of the much-awaited Financial Action Task Force (FATF) on money laundering and terrorist funding to curb economic crime in India has been deferred until next year. The official said that this decision has been taken in view of the corona epidemic.
He said that the review which the experts of the global institution go on the spot was proposed in September-October this year. The Paris-based institute has informed India that its trial has been postponed to January-February next year.
The FATF is a global body monitoring money laundering and terrorist funding, which sets international standards to prevent such illegal activities.