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A global anti-money laundering watchdog said on Friday that India had largely complied with its rules, although it needs to strengthen supervision of its non-financial sectors to prevent financial crime.
The Financial Action Task Force (FATF) said India had reached a high level of technical compliance, as the country was effective in curbing money laundering and terrorist financing.
However, improvements were needed to strengthen the supervision and implementation of preventive measures in some of the country’s non-financial sectors, the Paris-based body said in a statement.
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