The Financial Action Task Force (FATF) Private Sector Collaborative Forum (PSCF) 2025 will be held from 25th -27th March, 2025, in Mumbai. The FATF Private Sector Collaborative Forum is being hosted by the Reserve Bank of India (RBI) and the Department of Revenue, Ministry of Finance, Government of India, reaffirming India’s responsible leadership in global efforts to combat money laundering and terrorist financing.
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| FATF Private Sector Collaborative Forum 2025 to be held in Mumbai |
India to host FATF Private Sector Collaborative Forum 2025 in Mumbai
India will host the three-day Financial Action Task Force (FATF) Private Sector Cooperation Forum 2025 (PSCF 2025) in Mumbai from March 25 to 27, 2025.
India is a member of steering group of FATF and also co-chairs a working group on Risks, Trends and Methodologies work group. In November 2024, India hosted the plenary of Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) in Indore.
In June 2024, India’s FATF Mutual Evaluation Report was tabled at the FATF Plenary in Singapore and subsequently released in September 2024.
This year’s PSCF will see participation from countries across FATF’s Global Network, along with representatives from financial institutions, designated non-financial businesses and professions (DNFBPs), virtual asset service providers (VASPs), international organisations, and academia.
The Indian delegation to FATF PSCF is a multi-disciplinary team led by Vivek Aggarwal, Additional Secretary (Revenue), Ministry of Finance.
FATF Private Sector Cooperation Forum
The FATF Private Sector Cooperation Forum (PSCF) is an annual event that provides a critical platform for dialogue between FATF member countries, international organisations, and private sector stakeholders.
Aims
FATF PSCF aims to enhance the implementation of FATF’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards by fostering collaboration, exchanging best practices, and addressing emerging global challenges.
FATF PSCF 2025: Hosted By
The Financial Action Task Force (FATF) Private Sector Collaborative Forum (PSCF) 2025 is being hosted by the Reserve Bank of India (RBI) and the Department of Revenue, Ministry of Finance, Government of India, reaffirming India’s responsible leadership in global efforts to combat money laundering and terrorist financing.
FATF PSCF 2025: Inaugurates By
FATF President Elisa de Anda Madrazo will formally inaugurate the PSCF 2025 in Mumbai on 26th March, 2025, with Reserve Bank of India (RBI) Governor Sanjay Malhotra presiding over the event.
FATF PSCF 2025: Agenda
The PSCF 2025 agenda reflects global priorities, including payment transparency, financial inclusion, and digital transformation of financial systems. With financial crimes evolving due to technological advancements — such as cryptocurrency-related laundering — India’s expertise in leveraging technology and fostering a risk-based approach offers valuable insights for the international community. By hosting this significant event, India reinforces its commitment to FATF’s global standards.
FATF PSCF 2025: Discussions
Discussions at the FATF PSCF 2025 forum will revolve around several critical issues shaping the global Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) landscape. Participants will explore how FATF can continue to address evolving threats while promoting financial inclusion through robust, risk-based supervision of regulated entities. The dialogue will also focus on enhancing transparency in beneficial ownership and leveraging digital tools to strengthen AML/CFT compliance mechanisms.
FATF
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. Its aim is to prevent these illegal activities and the harm they cause to society.
Static Current Affairs related to FATF for upcoming exams
- Full form of FATF: Financial Action Task Force
- Formation: 1989
- Headquarters: Paris
- President: Elisa de Anda Modrazo
- Vice-President: Jeremy Weil
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