India Takes the Lead: Global Forum to Tackle Money Laundering and Terrorism Financing in 2025

The Financial Action Task Force Private Sector Collaborative Forum 2025, hosted by the Reserve Bank of India, will unite global experts in Mumbai to discuss challenges and innovations in combating money laundering and terrorism financing. The forum aims to enhance global financial compliance and information-sharing practices.

This March, Mumbai will become the epicenter of global financial vigilance as it hosts the Financial Action Task Force (FATF) Private Sector Collaborative Forum (PSCF) 2025. Scheduled for March 25-27, the event is organized by the Reserve Bank of India (RBI) and the Department of Revenue, showcasing India's influential role in international anti-money laundering efforts.

The forum will kick off on March 26, under the leadership of FATF President Elisa de Anda Madrazo and with key participation from RBI Governor Sanjay Malhotra. India's delegation, led by Vivek Aggarwal of the Ministry of Finance, highlights the country's commendable achievements, including its 'regular follow-up' status from a recent FATF evaluation.

This event, with a focus on bolstering dialogue and exchanging strategic practices, will gather stakeholders from across the FATF network. By addressing crucial issues like financial transparency, inclusion, and digital transformation, India aims to provide keen insights and foster international cooperation in curbing evolving financial crimes.

(With inputs from agencies.)