Financial Action Task Force

India became a full member of the Financial Action Task Force (FATF) in 2010, the global standard-setter for anti-money laundering (AML) and combating the financing of terrorism (CFT). FATF membership is critical for India's financial system integrity, and India has faced FATF scrutiny regarding Pakistan's compliance with CFT obligations. India's Prevention of Money Laundering Act (PMLA) is aligned with FATF recommendations.