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Sitharaman extended support to the strategic priorities and said that India is committed to providing the necessary resources and support to FATF in its endeavour as a global alliance against money laundering, terrorist financing
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Union finance minister Nirmala Sitharaman on Thursday attended the FATF ministerial meeting in Washington DC on 21st April 2022, conducted alongside the 2022 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).
According to the finance ministry, this meeting focussed on ministers’ providing strategic direction, by endorsing the FATF’s strategic priorities for the years 2022-24 and reinforcing ministers’ commitment to ensuring suitable funding for the delivery of the strategic priorities which are strengthening the FATF Global Network, FATF systems of mutual evaluations, enhancing international beneficial ownership transparency, increasing capabilities to more effectively recover criminal assets, etc.
During the meeting, she reaffirmed India’s commitment to fighting money laundering, terrorist financing and proliferation financing and acknowledged and appreciated FATF on their work on beneficial ownership transparency, asset recovery, and the role of FATF Global network in safeguarding the global financial system.
Sitharaman extended support to the strategic priorities and said that India is committed to providing the necessary resources and support to FATF in its endeavour as a global alliance against money laundering, terrorist financing and financing proliferation of weapons of mass destruction.