https://www.taxtmi.com/news?id=4454 NBFCs/RNBCs are advised to consider the FATF public statement identifying jurisdictions with strategic AML/CFT deficiencies or subject to calls for counter measures and to apply enhanced scrutiny and proportionate risk mitigation in business relationships and transactions with those jurisdictions; this guidance does not preclude legitimate trade. The FATF highlights deficiencies including criminalisation of terrorist financing, suspicious transaction reporting, FIU functionality, frameworks to identify and freeze terrorist assets, supervisory regimes, customer due diligence, and international cooperation, and monitors progress under agreed action plans, reserving escalation where insufficient progress is made. en-us Sat, 29 Dec 2012 10:51:09 +0530 Wed, 11 Feb 2026 15:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4454 NBFCs/RNBCs are advised to consider the FATF public statement identifying jurisdictions with strategic AML/CFT deficiencies or subject to calls for counter measures and to apply enhanced scrutiny and proportionate risk mitigation in business relationships and transactions with those jurisdictions; this guidance does not preclude legitimate trade. The FATF highlights deficiencies including criminalisation of terrorist financing, suspicious transaction reporting, FIU functionality, frameworks to identify and freeze terrorist assets, supervisory regimes, customer due diligence, and international cooperation, and monitors progress under agreed action plans, reserving escalation where insufficient progress is made. News - Sat, 29 Dec 2012 10:51:09 +0530 https://www.taxtmi.com/news?id=4454