Fight against money laundering should not choke investments

THE Reserve Bank governor Sanjay Malhotra has called for balanced measures to combat money laundering and terror financing so that overzealous regulations will not hinder legitimate investment activities and prevent financial inclusion of the poor and under-banked.

- BENN KOCHUVEEDAN

Addressing the first-ever meeting (held outside the European shores, and called the private sector collaborator forum 2025) of the financial action task force (FATF), which is the global body fighting dirty money, here on Wednesday, he also highlighted the crucial role of the private sector in securing the financial system and called for targeted, data-driven regulations to effectively combat illicit financial flows.