It said that over the next three days, discussions at the forum will focus on shaping global anti-money laundering and anti-terrorist financing.
“How participants will promote financial inclusion through strong, risk-based oversight of regulated entities, while promoting financial inclusion, the dialogue will also focus on enhancing transparency of beneficial ownership and leveraging digital tools to enhance AML/CFT compliance mechanisms.”
The PSCF 2025 agenda reflects global priorities, including payment transparency, financial inclusion and digital transformation of the financial system.
With the growing financial crisis due to technological advances, such as money laundering related to cryptocurrencies, India’s expertise in leveraging technology and promoting risk-based approaches has provided valuable insights to the international community.
The ministry added: “Information sharing practices within the private sector will be evaluated to identify ways to better address emerging financial crime threats. In addition, the forum will conduct a review on emerging terrorist financing and proliferation financing risks, highlighting the need for measures to enhance global defense capabilities to resist these challenges.” The ministry further stated that FATF President Elisa de Anda Madrazo will officially open on March 26, with the event hosted by the Reserve Bank of India (RBI) Governor Sanjay Malhotra. The delegation of India will be led by Vivek Aggarwal, Additional Secretary of the Ministry of Finance (Revenue).
Last June, the Global Crime Regulatory Agency Financial Action Task Force (FATF), adopted a joint assessment report from India and included the country in the “regular follow-up” category. The FATF praised India for achieving a high level of technical compliance and said the country has achieved good results in its efforts toward anti-money laundering (AML) and counter-terrorism financing (CFT).
The upcoming PCSF event is another milestone in India’s journey, working to curb money laundering and terrorist financing, the ministry said in a statement.
The PSCF is an annual event that provides a key platform for dialogue between FATF member states, international organizations and private sector stakeholders.
Its purpose is to enhance the implementation of FATF’s anti-money laundering and Counter-Terrorism Financing (AML/CFT) standards by promoting cooperation, exchanging best practices, and addressing emerging global challenges.
“This year’s forum will be involved with countries of the FATF global network, as well as representatives from financial institutions, designated non-financial businesses and specialties (DNFBPS), virtual asset service providers (VASPs), international organizations and academia,” the ministry said.
