FATF

Sebi cancels registrations of 8 investment advisers for non-payment of renewal fees

Sebi has announced relaxed KYC requirements for Non-Resident Indians, Overseas Citizens of India, and foreign nationals. These changes will allow them to complete digital onboarding from FATF-compliant countries effectively. Intermediaries can accept KYC submissions without requiring physical presence in India. Video In-Person Verification is now permitted where in-person verification isn't feasible, enhancing compliance capabilities. The revised framework, effective from December 3, is aimed at simplifying the entire onboarding process.

India refines 1,200 tonnes of gold but consumes 800-850 tonnes: How GIFT City could help unlock major export opportunity

India’s 1,200-tonne gold refining industry could unlock new export opportunities through GIFT City, following the introduction of responsible sourcing and audit guidelines by the International Financial Services Centres Authority (IFSCA). The framework sets standards for refiners seeking Good Delivery accreditation to trade gold through the India International Bullion Exchange (IIBX).

India, Italy reiterate condemnation of Pahalgam terror attack during JWC meet

India and Italy condemned the terrorist attack in Pahalgam that occurred on April 22, 2025. They held two meetings in New Delhi focused on counterterrorism cooperation and organized crime. Both countries discussed enhancing efforts against drug trafficking and emerging global terrorist threats. Additionally, they reaffirmed the need to counter terrorism financing through multilateral cooperation initiatives. The two sides agreed to arrange future meetings in Rome to continue discussions.

Pakistan lost control of its Frankenstein monster of terrorism which has returned to haunt it: India at UN

India addressed the United Nations, highlighting Pakistan's failure to control terrorism it once sponsored. The Indian representative criticized Pakistan's contradictory statements regarding terrorism and its impact on its own country. Acknowledging internal struggles, Pakistani leaders admitted that terrorism poses a greater threat domestically than externally. India emphasized the international community's responsibility to act against terrorism and state sponsors. The upcoming FATF plenary will further scrutinize Pakistan's financial support for terrorism.

India-led ARIN-AP meet focuses on tracing, confiscation and return of crime assets

The 11th annual general meeting of the Asset Recovery Interagency Network took place in New Delhi. Key topics included tracing illicit assets, confiscation, and asset management strategies. India shared its experiences in asset restoration under the Prevention of Money Laundering Act. The presidency was handed over to Singapore for the upcoming year, emphasizing the importance of trust in collaborations.

Check gate before the horse bolts

India is facing challenges in managing foreign remittances, particularly concerning fraudulent transactions and proper certification. A proposed solution includes establishing a designated certification professional class to enhance accountability and quality. Introducing a pre-remittance window could allow better risk assessments and reduce fraudulent activities.

Astana International Financial Centre explores to partner with India's GIFT City

Astana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnership aims to enhance financial services and investment opportunities between Kazakhstan and India. AIFC has established itself as a leading financial hub in Central Asia since its launch in 2018. Initiatives from AIFC include developments in sustainable finance and digital assets.

'A terrorist country is asking me that question, come on': Jaishankar's blunt retort to Pakistani reporter at UN briefing in New York

S Jaishankar firmly responded to a heckling question from a Pakistani reporter at a press conference. The event was held during the High Level Week at the 81st Session of the United Nations General Assembly. India continues to emphasize Pakistan's role in cross-border terrorism and urges credible actions against it. Recent attacks, including the Pahalgam terror attack, were acknowledged internationally for their severity.

'A terrorist country asking me that...': Jaishankar fires back at Pakistan journalist on ‘terrorism’

'Pakistan spreads lies on the world forum': Defence expert Anil Gaur backs Jaishankar's response to Pak reporter

Defence expert Captain Anil Gaur supported Jaishankar's condemnation of Pakistan's actions concerning terrorism. Gaur highlighted Pakistan's admission of needing to control its terrorists during a UN address. Jaishankar firmly responded to a Pakistani reporter at a press conference regarding terrorism queries. India's actions against cross-border terrorism have garnered international recognition and resulted in increased scrutiny on Pakistan.

Masood Azhar bounty: India calls Pakistan’s Rs 7 million reward a 'gimmick'; asks Islamabad to take concrete action, not make 'phoney' announcements

India has dismissed Pakistan's bounty announcement on Masood Azhar as a mere gimmick. New Delhi insists Pakistan must take concrete actions against terrorism and not make announcements. Pakistan faces scrutiny from the FATF regarding its anti-terrorism financing efforts. The country was previously on the FATF grey list for deficiencies in its framework. India maintains Pakistan has backslid on its assurances after exiting the grey list.

Pakistan maintains 7-million-rupees bounty on JeM chief Masood Azhar; names him in 'most wanted' list

Pakistan has put forth a considerable reward for any leads that could help in capturing Masood Azhar, the notorious head of Jaish-e-Mohammed. Azhar is on Pakistan's most-wanted list and is being sought by India for orchestrating significant terror attacks, notably the 2001 assault on Parliament. His group is implicated in various bombings and military base assaults. This situation arises ahead of a pivotal Financial Action Task Force meeting in Paris.

GFF 2026: Nitin Gadkari targets barrier-free tolling by February as FASTag cuts wait times by up to 90%

India is progressing towards fully digital and barrier-free tolling systems. A multi-lane free flow system will be operational by February. FASTag has already significantly reduced waiting times and eliminated cash transactions. This technological advancement saves millions of hours and substantial economic resources annually. Environmental benefits are also considerable, akin to planting millions of trees.

GFF 2026: Fintech industry should step up investments to counter risks from emerging tech, says FATF vice-president

Fintech firms must increase investments to combat new technological threats. Emerging technologies like AI pose significant risks to India's economic progress. The FATF vice-president highlighted the need for proactive risk management strategies. Industry leaders need to understand and address these evolving challenges promptly. Timely action is crucial to safeguard the nation's growth trajectory.

Indian Bank launches AI-TARA voice banking, Smart Wealth and IND Cash Optima at Global Fintech Fest 2026

Indian Bank launched new digital banking solutions at the Global Fintech Fest. AI-TARA, a voice-based assistant, offers banking services in ten languages. Smart Wealth provides a consolidated view of customer finances and spending analytics. IND Cash Optima digitizes cash management for corporate clients. These innovations aim to enhance customer experience and accessibility for all.

GFF 2026: Scindia pitches ‘digital trinity’ of connectivity, compute and trust for AI economy

GFF 2026 Scindia: Connectivity, compute, and trust are the new digital trinity for fintech and AI. India's mobile phones and telecom networks are now financial highways and bank branches. The nation is expanding digital connectivity and infrastructure for financial inclusion and economic mobility. AI will make finance predictive, personal, and autonomous, requiring enhanced security measures. India aims to lead the world in 6G technology development and secure digital infrastructure.

FATF issues global alert on money laundering and fraud risks in gaming, gambling; publishes new risk indicators

The FATF is alerting countries about criminal abuse in gaming and gambling sectors. Criminals use gambling platforms for money laundering and smurfing transactions. Technological innovation creates complex ecosystems for regulators and law enforcement. Illegal gambling markets rival legal ones, offering anonymity to criminals. New risk indicators help identify suspicious activity and disrupt criminal abuse.

Taliban denies Masood Azhar is in Afghanistan, rejects Pakistan's repeated claims

The Taliban regime has denied Masood Azhar's presence in Afghanistan. Pakistan claims Azhar fled to Afghanistan while facing FATF pressure. India seeks Azhar for multiple terror attacks, including the Parliament strike. Pakistan was previously on the FATF grey list for terror financing deficiencies. Azhar was convicted in absentia by Pakistan in 2021.

India to push BRICS framework for faster tracking, extradition of economic fugitives

India will propose a framework for faster financial information sharing among BRICS nations. This framework aims to expedite the extradition process for economic fugitives. It includes standardized formats and time-bound information exchange for investigations. Enforcement agencies from member nations have already agreed to facilitate cooperation. The proposal seeks to improve responses to complex cross-border financial crimes.

BRICS Summit proposal: India to push for faster economic fugitive tracking

India will propose a framework for faster financial information sharing among BRICS nations. This framework aims to expedite the extradition process for economic fugitives. It includes standardized formats and asset recovery mechanisms for investigations. Enforcement agencies from member nations have already agreed to facilitate cooperation. The proposal seeks to improve coordination on economic offenses before the upcoming summit.

India, Belgium deepen defence, trade and critical minerals ties

India and Belgium agreed to expand their partnership in defence and trade. Cooperation in defence and security is a key pillar of their relationship. Both nations will enhance military exchanges and training cooperation between them. They also agreed to strengthen intelligence sharing and cooperation against crime. Belgium conveyed solidarity with India in the fight against terrorism.

Russia barred from future projects of FATF

Russia is also barred from participating in meetings of the FATF-Style Regional Bodies. "These measures expand on the actions that the FATF took in June, which stripped Russia of all its leadership roles among other restrictions," Kumar said.

Sitharaman reaffirms India's commitment to fighting money laundering, terror financing; lauds FATF

Sitharaman said this as she attended the FATF Ministerial Meeting conducted here alongside the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank to endorse the Paris-based Financial Action Task Force's strategic priorities for the years 2022-24.