❖ India has achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by the Financial Action Task Force (FATF).

❖ It places India in the 'regular follow-up' category, a distinction shared by only four other G20 countries.

❖ India is already a member of the FATF Steering Group. 

❖ The Financial Action Task Force (FATF) is an intergovernmental organisation established in 1989 as the international watchdog.

❖ It aims to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system.

❖ India became a member of FATF in 2010.