FATF review of India's anti-money laundering & terror financing regime pushed to 2021 due to Covid© timesofindia.indiatimes.com

FATF review of India's anti-money laundering & terror financing regime pushed to 2021 due to Covid

, 7 news, a view

New Delhi, Jul 26 (PTI) The much-awaited Financial Action Task Force (FATF) mutual evaluation of India's anti-money laundering regime and legal measures framed to check financial crimes, scheduled for this year, has been postponed till early next year in view of the coronavirus pandemic, officials said.

They said the on-site review to be conducted by experts of the global body was scheduled to begin in September-October but the FATF secretariat in Paris has conveyed to India that the review is being tentatively pushed to January-February next year.

The FATF is a global money laundering and terrorist financing watchdog that sets international standards to prevent illegal activities in the economic and financial channels of a country and its inter-connected linkages across the world.