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NEWS: FATF wants India to impose tougher checks on PEPs – govt sources

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

By Nikunj Ohri and Manoj Kumar

The Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said.

The recommendation for tougher checks on the finances of politically exposed persons (PEPs) is part of a FATF review of India’s anti-money laundering systems that began in 2023. The group is due to publish its final report soon.

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

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