India has made significant strides in combating money laundering and terrorist financing, receiving high praise from the Financial Action Task Force (FATF). A joint assessment by the FATF, Asia-Pacific Group (APG), and Eurasian Group (EAG) commended India for strong technical compliance with FATF standards. However, areas like the non-financial sector and virtual asset providers require further regulation. The FATF emphasized the need for a risk-based approach to safeguard non-profits from misuse and to resolve delays in financial crime prosecutions. While progress is evident, India will remain under review and provide an update in three years.
