RBI imposes restrictions on new entities from non-FATF compliant jurisdictions

Zee News The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing activities. Jurisdictions that do not fall under 'high-risk' and 'increased monitoring' categories are considered as FATF-compliant ones. https://ift.tt/eA8V8J June 14, 2021 at 11:31PM The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing activities. Jurisdictions that do not fall under 'high-risk' and 'increased monitoring' categories are considered as FATF-compliant ones.

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