Skip to content
Free updates Login
BankingUPSC & State PSCNABARD / RBI

RBI Governor Malhotra on Targeted AML and CFT Rules

27 March 20251 min read
BANKING & FINANCERBI GovernorMalhotra onTargeted AML andCFT Rules27 March 2025safalsetu.com

Why in the news

Speaking at a FATF forum hosted in India, the RBI Governor asked for carefully targeted rules on money laundering and terror financing.

Key facts

  • Precision: broad measures may unintentionally harm legitimate businesses and investments.
  • Compliance: overlapping laws burden institutions, so security must be balanced with smooth operations.
  • Risk-based approach: eases unnecessary burden, yet no model is perfect and assessments need constant refining.
  • Forum theme: global best practices that secure finance without hurting growth.

Exam angle

  • AML = anti-money laundering; CFT = countering financing of terrorism.

Test yourself

1. Which RBI Governor spoke in favour of targeted AML and CFT regulations in these notes?

Sanjay Malhotra urged precise laws against money laundering and terror financing.

2. What does CFT stand for in the context of financial regulation?

CFT refers to countering the financing of terrorism.

3. The FATF Private Sector Collaborative Forum 2025 is being hosted in India for how many times?

It is hosted in India for the first time.

This topic is part of Daily Current Affairs 27 March 2025 (15 topics).

All topics of the dayDay quizMarch 2025

Read more