Financial Action Task Force (FATF)

FATF has placed India in the Regular Follow-up category in its report.
- Apart from India, 4 other countries of the G-20 group are included in this category.
FATF, established in the year 1989, is an inter-governmental organization.
It was established as an international monitoring body to deal with money laundering, terrorist financing etc.
- India became its member in the year 2010.
- FATF divides member countries into four categories; these include-
  - Black List, Grey List, Enhanced Follow-up and Regular Follow-up
  - Regular Follow-up is considered the best and Black List is considered the worst.