Money Laundering

A report submitted by the Finance Minister in the Rajya Sabha revealed that since 2015, the Enforcement Directorate (ED) has taken up 5,892 cases under the Prevention of Money Laundering Act (PMLA), 2002, but has secured only 15 convictions. Meanwhile, the Supreme Court has emphasized that ED must follow the rule of law, urged the establishment of fast-track courts for PMLA cases, and recom

India Achieves an ‘Outstanding Outcome’ in FATF Mutual Evaluation

Key Highlights Outstanding Outcome: India has received an outstanding outcome in the FATF Mutual Evaluation for 2023-24, demonstrating a high level of compliance in combating Money Laundering (ML) and Terror Financing (TF). Regular Follow-Up Category: India has been placed in the “regular follow-up” category by the FATF. This distinction is shared by only fo