India faces threats from IS, Al Qaeda in J&K: FATF

The global anti-money laundering and terror financing body FATF released a mutual evaluation report on India, stating that while the country’s systems were effective, major improvements were needed to strengthen prosecution in money laundering and terror financing cases. The report highlighted the range of terror threats faced by India, particularly from ISIL and AQ-linked groups in Jammu and Kashmir. India was placed in the “regular follow up” category, with the next evaluation scheduled for 2031. The report emphasized the need for improvements in protecting the non-profit sector from terror abuse and identified illegal activities within the country as the main sources of money laundering. Recommendations were provided to strengthen India’s AML/CFT system.