India: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2011/026, IMF Staff Country Reports from International Monetary Fund

Abstract: India faces a range of money laundering and terrorist financing risks. India continues to be a target for terrorist groups and has been the victim of numerous attacks. Based on a threat assessment, it was found that India's major sources for terrorist financing (FT) were funds/resources from organizations outside India, counterfeiting of currency, and criminal activities. Key recommendations made to India included the need to address the technical shortcomings in the criminalization of both money laundering and terrorist financing and domestic framework of confiscation and provisional measures.

Keywords: ISCR; CR; confiscation regime; law enforcement authorities; PML rule; banking sector; customs authorities; due diligence; authorities in Goa; beneficial owner; Indian AML; disclosure regime; supervisory regime; government of India; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 26
Date: 2011-01-24
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=24591 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/026

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().