India's membership of the Financial Action Task Force and the Egmont Group

Background

The Financial Action Task Force (FATF) is an inter-governmental body which sets standards, and develops and promotes policies to combat money laundering and terrorist financing.
Its Forty Recommendations and Nine Special Recommendations provide a complete set of counter-measures against money laundering, covering the criminal justice system and law enforcement, the financial system and its regulation, and international co-operation.
India became a member of the FATF in 2010.
The Financial Intelligence Unit-India (FIU-IND) is a member of the Egmont Group, an international organization for stimulating co-operation among Financial Intelligence Units. India became member of the Egmont Group in May, 2007.
The Department of Revenue records that FIU-IND has signed bilateral Memorandum of Understanding with fifteen countries, including Mauritius, Philippines, Brazil, Malaysia, Russia, Australia, Canada, USA and Japan.