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India to host 3-day FATF Private Sector Collaborative Forum 2025 (PSCF 2025) from 25th -27th March, 2025, in Mumbai
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....ndia to host 3-day FATF Private Sector Collaborative Forum 2025 (PSCF 2025) from 25th -27th March, 2025, in Mumbai<BR>News and Press Release<BR>Dated:- 24-3-2025<BR><BR>FATF President Ms. Elisa de Anda Madrazo to formally inaugurate PSCF 2025 on 26th March, 2025, with RBI Governor Shri Sanjay Malhotra presiding over the event The PSCF 2025 agenda reflects global priorities, including payment tran....
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....sparency, financial inclusion, and digital transformation of financial systems The Financial Action Task Force (FATF) Private Sector Collaborative Forum (PSCF) 2025 will be held from 25th -27th March, 2025, in Mumbai. The forum is being hosted by the Reserve Bank of India (RBI) and the Department of Revenue, Ministry of Finance, Government of India, reaffirming India's responsible leade....
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....rship in global efforts to combat money laundering and terrorist financing. FATF President Ms. Elisa de Anda Madrazo will formally inaugurate the PSCF 2025 on 26th March, 2025, with Reserve Bank of India (RBI) Governor Shri Sanjay Malhotra presiding over the event. The Indian delegation to PSCF is a multi-disciplinary team led by Shri Vivek Aggarwal, Additional Secretary (Revenue), Ministry ....
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....of Finance. India's Leadership in AML/CFT Efforts India's participation in FATF initiatives has been widely recognised. India is a member of steering group of FATF and also co-chairs a working group on Risks, Trends and Methodologies work group. In November 2024, India hosted the plenary of Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) in Indore. In June 2024, Ind....
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....ia's FATF Mutual Evaluation Report was tabled at the FATF Plenary in Singapore and subsequently released in September 2024. India achieved the best possible outcome by being placed in 'regular follow-up,' a status that only a few countries have attained in their Mutual Evaluations. The report commended India's exemplary efforts in curbing money laundering and terrorist financing, highlightin....
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....g the country's advanced fintech ecosystem, innovations like the Unified Payments Interface (UPI) and Aadhaar-enabled digital identity verification, and proactive inter-agency coordination. India's approach has set a global benchmark for integrating technology with financial security. PCSF 2025 The upcoming PCSF event is another milestone in India's journey in its efforts in curbing money launde....
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....ring and terrorist financing. The PSCF is an annual event that provides a critical platform for dialogue between FATF member countries, international organisations, and private sector stakeholders. It aims to enhance the implementation of FATF's Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards by fostering collaboration, exchanging best practices, and addressing emerging g....
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....lobal challenges. This year's forum will see participation from countries across FATF's Global Network, along with representatives from financial institutions, designated non-financial businesses and professions (DNFBPs), virtual asset service providers (VASPs), international organisations, and academia. Key Highlights and Agenda Focus Areas The PSCF 2025 agenda reflects global priorities, incl....
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....uding payment transparency, financial inclusion, and digital transformation of financial systems. With financial crimes evolving due to technological advancements - such as cryptocurrency-related laundering - India's expertise in leveraging technology and fostering a risk-based approach offers valuable insights for the international community. By hosting this significant event, India reinforces it....
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....s commitment to FATF's global standards. Over the next three days, discussions at the forum will revolve around several critical issues shaping the global AML/CFT landscape. Participants will explore how FATF can continue to address evolving threats while promoting financial inclusion through robust, risk-based supervision of regulated entities. The dialogue will also focus on enhancing transpare....
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....ncy in beneficial ownership and leveraging digital tools to strengthen AML/CFT compliance mechanisms. Information-sharing practices within the private sector will be evaluated to identify ways to better address emerging financial crime threats. Furthermore, the forum will engage in deliberations on emerging terrorist financing and proliferation financing risks, emphasising the need for measures t....
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....hat reinforce global resilience against these challenges.<BR> News - Press release - PIB....