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What key issue did the FATF highlight regarding India's anti-money laundering efforts?
  • a)
    India has no system for combating money laundering.
  • b)
    India effectively prosecutes all money laundering cases.
  • c)
    There is a need for substantial improvements in the prosecution of money laundering cases.
  • d)
    India has the highest conviction rate for money laundering in the world.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What key issue did the FATF highlight regarding India's anti-money lau...
The FATF emphasized the necessity for substantial improvements in the prosecution of money laundering cases in India, despite recognizing the effectiveness of the country's anti-money laundering and counter-terrorism financing system. This highlights a critical gap in India's legal framework, where investigations may increase, but actual prosecutions and convictions remain low, indicating a need for reform and efficiency in the judicial process. An essential point to note is that delays in prosecution can hinder the overall effectiveness of anti-money laundering measures, impacting the country's international standing in financial compliance.
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What key issue did the FATF highlight regarding India's anti-money laundering efforts?a) India has no system for combating money laundering.b) India effectively prosecutes all money laundering cases.c) There is a need for substantial improvements in the prosecution of money laundering cases.d) India has the highest conviction rate for money laundering in the world.Correct answer is option 'C'. Can you explain this answer?
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What key issue did the FATF highlight regarding India's anti-money laundering efforts?a) India has no system for combating money laundering.b) India effectively prosecutes all money laundering cases.c) There is a need for substantial improvements in the prosecution of money laundering cases.d) India has the highest conviction rate for money laundering in the world.Correct answer is option 'C'. Can you explain this answer? for CUET Commerce 2024 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about What key issue did the FATF highlight regarding India's anti-money laundering efforts?a) India has no system for combating money laundering.b) India effectively prosecutes all money laundering cases.c) There is a need for substantial improvements in the prosecution of money laundering cases.d) India has the highest conviction rate for money laundering in the world.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What key issue did the FATF highlight regarding India's anti-money laundering efforts?a) India has no system for combating money laundering.b) India effectively prosecutes all money laundering cases.c) There is a need for substantial improvements in the prosecution of money laundering cases.d) India has the highest conviction rate for money laundering in the world.Correct answer is option 'C'. Can you explain this answer?.
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