Business Times: The AML watchdog urges India to accelerate prosecutions

The task force establishes global standards for national authorities addressing illicit funds from drug trafficking, illegal arms trade, cyber fraud, and other serious crimes. India, a member since 2010 was found compliant or largely compliant on 37 out of 40 evaluated parameters in the task force’s recent assessment. However, the global watchdog noted that the number of ML convictions in India has been affected by constitutional challenges…