ARIFAC launched to boost India’s fight against money laundering and terror financing (opens in new tab)

A new industry-led platform, the Alliance of Reporting Entities in AML/CFT (ARIFAC), has been launched to strengthen India's anti-money laundering (AML) and counter-terrorism financing framework by improving collaboration among financial institutions and regulated entities.The initiative will function as a private-sector partnership, with the Financial Intelligence Unit-India (FIU-IND) participating as an observer.The platform's secretariat will be jointly managed by the Payments Council of I...