India has defended the Financial Action Task Force at the United Nations, saying countries under scrutiny should improve compliance instead of questioning the credibility of the global anti-terror financing watchdog.
According to an official FATF statement, Recommendation 6 requires countries to implement targeted financial sanctions in line with United Nations Security Council resolutions (UNSCRs) related to preventing and suppressing terrorism and terrorist financing.
Senior Indian bureaucrat Vivek Aggarwal has been elected Vice President of FATF, a development the government says reflects India's growing influence in global efforts against terror financing and illicit financial networks.
"India and the US held the 21st Meeting of the India-US Joint Working Group (JWG) on Counter Terrorism (CT) and the 7th Designations Dialogue on 3 December 2025 in New Delhi," a joint press release said on Saturday.
This recognition underscores India's growing influence in shaping international standards for asset recovery and financial crime enforcement.
The Mutual Evaluation Report of India was adopted in the FATF plenary held in Singapore between June 26th and June 28th, 2024.
The GST Council in its 50th meeting on Tuesday, presided over by Union Finance Minister Nirmala Sitharaman, exempted cancer treatment drugs, special medicines, and food for medical purpose from levy of the Goods and Services Tax
The statement was released during the one-on-one meeting between Prime Minister Modi and US President Joe Biden at the Oval Office in the White House, on Thursday.
Nepal is at real risk of being put on the greylist by the Financial Action Task Force (FATF) as there are deficiencies in both its legislation and enforcement of laws related to money laundering and terror financing, writes Prithvi Man Shrestha in The Kathmandu Post.
Pakistan's leaders have found it fit to play petty politics with 'arch enemy' India even as their country is hit by a natural calamity of unprecedented magnitude. Heavy monsoon rain, induced by climate change, has devastated nearly a third of the country. Millions are marooned and are struggling to find food, shelter and medicines.
