FATF should tell India to stop ‘weaponising’ counter financing of terrorism laws, say influential NPOs

The Financial Action Task Force (FATF) should call on the Indian government to stop prosecuting, intimidating and harassing human rights defenders (HRDs), activists and non-profit organisations (NPOs) in the country on the pretext of countering terrorist financing, Amnesty International, Charity & Security Network and Human…

Financial institutions’ exposure to TBML growing sharply says LexisNexis financial crime compliance study

Exposure to trade-based money laundering (TBML) schemes has grown sharply according to financial institutions surveyed in LexisNexis Risk Solutions’ True Cost of Financial Crime Compliance Study, 2023. The study examines how financial institutions navigate the expenses and challenges tied to evolving financial crime compliance requirements.