FATF Criticizes India's Handling of Non-Profits and Money Laundering Delays
The global watchdog's report highlights India's partial compliance and urges improvements in prosecuting financial crimes and protecting legitimate non-profits.
- The Financial Action Task Force (FATF) placed India in the 'regular follow-up' category, citing partial compliance in protecting non-profits from abuse.
- FATF's report criticizes India's burdensome registration and audit requirements for non-profits, which are not always risk-based or consultative.
- The report highlights significant delays in prosecutions under India's Unlawful Activities (Prevention) Act (UAPA) and Prevention of Money Laundering Act (PMLA).
- India has been praised for achieving high technical compliance in 37 out of 40 FATF evaluation parameters, including financial inclusion and international cooperation.
- FATF calls for India to improve its outreach to non-profits on terrorism financing risks and to expedite the prosecution and conviction processes for financial crimes.
NDTV 
Hindustan Times 
Amnesty International 
