India responds to the report of China being made head of FATF

India responds to the report of China being made head of FATF
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NEW DELHI - India on Sunday congratulated China for being elected Vice President of the Financial Action Task Force (FATF), an inter-governmental body to combat money laundering and terror financing among other financial crimes, expressing the hope that it will uphold its objectives.

"Congratulations to China on its election as Vice President of Financial Action Task Force at the FATF plenary meeting on February 23," External Affairs Ministry spokesperson Raveesh Kumar tweeted.

"We remain hopeful that China would uphold and support the objectives and standards of FATF in a balanced, objective, impartial and holistic way," he said.

China's election to the FATF assumes significance as Pakistan may be put in the watchdog's grey list, which puts countries under the scanner for not implementing the body's objectives, in June this year.

New Delhi