Multi-national Financial Action Task Force (FATF), a global task force, which tracks money laundering and terrorist financing across national borders, has advised India's neighbours including Pakistan to improve legal measures to curb the criminalisation of its financial channels.Official said, from New Delhi's point of view these recommendations by the powerful world financial body to India's neighbours isimportant as it will ensure a better and criminal free financial hub.The FATF has recommended similar measures for Indian neighbours like Sri Lanka, Myanmar and Nepal.India is the latest member of the multi-national Financial Action Task Force (FATF), an inter-governmental organisation founded in 1989 by the G7 (Group of seven industrialised nations) to develop policies to combat money laundering and terrorist financing.
News On AIR | July 21, 2010 7:10 PM
FATF advises India's neighbours to improve legal measures for curbing criminalisation of financial channels