India to host 3-day FATF Private Sector Collaborative Forum 2025 (PSCF 2025) from 25th -27th March, 2025, in Mumbai 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 eventThe PSCF 2025 agenda reflects global priorities, including payment transparency, financial inclusion, and digital transformation of financial systems

Published on 24-Mar-2025 08:20 PM

This article is AI-generated and may contain errors or outdated information. It is for informational purposes only and not professional advice. Verify independently before relying on it. We are not responsible for any consequences of its use.

The Global Summit marks India’s significant commitment to AML/CFT

In a bold move, India is hosting the FATF Private Sector Collaborative Forum (PSCF) 2025 on March 25-27, 2025, in Mumbai. This comprehensive event, marked by payment transparency, financial inclusion, and digital transformation of financial systems, underscores India’s leadership in global efforts to combat money laundering and terrorist financing.

Key Highlights

The PSCF 2025 agenda reflects global priorities, with a focus on payment transparency, enhancing financial inclusion, and leveraging digital tools for AML/CFT compliance. Key discussions will address how technology can address evolving threats like cryptocurrency-related crimes.

Impact and Leadership

India’s participation in AML/CFT initiatives has been lauded, including hosting the Eurasian Group event and presenting at their mutual evaluation report. Their advanced fintech tools, such as UPI and Aadhaar identity verification, set a global benchmark for integrating technology with financial security.

Conclusion

As India’s role evolves in this forum, it not only enhances its AML efforts but also positions itself as a leader in leveraging technology for global resilience. This event marks a significant step toward advancing the FATF’s global standards and addressing emerging challenges.

source: India to host 3-day FATF Private Sector Collaborative Forum ...

Read IndiaAI and the Geological Survey of India (GSI), Ministry of Mines, launched the IndiaAI Hackathon to revolutionize AI-driven mineral targeting Encouraging AI and ML solutions for identification of new potential areas for exploration of critical minerals like REE, Ni-PGE, and copper, as well as other commodities like diamond, iron, manganese, and gold