India at No. 34 on FATF list on combating illicit money

The recent report of the global anti-money laundering body shows India is the one member of the 34-nation group ringed by the largest number of countries with a patchy record, surrounding it. The report by the Financial Action Task Force (FATF) is meant to show progress in combating money laundering in the world. Action against this crime is significant as most of the other trans-national crimes including terrorism uses this as a conduit.

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