FATF Forum 2025: RBI Chief Calls for Balanced Approach to Combat Financial Crimes

Reserve Bank of India (RBI) Governor Sanjay Malhotra warned against overzealous anti-money laundering policies during the Financial Action Task Force (FATF) Private Sector Collaborative Forum 2025 in Mumbai. While highlighting India's commitment to fighting financial crimes, Malhotra emphasized a balanced approach that doesn't impede investment and economic growth. The governor noted the significance of using technology to make financial systems safer without undermining innovation. This position is consonant with the forum's preoccupation with grappling with emerging risks while facilitating financial inclusion by enabling risk-based oversight. The FATF President's three-day initiation, Elisa de Anda Madrazo, convenes the world's stakeholder community in payment transparency, digitalization, and new money laundering risks.

 

Source: Moneycontrol, Economic Times