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Measures taken to combat money laundering should not stifle investments: RBI Governor
The Statesman Kolkata
|March 27, 2025
Reserve Bank of India governor Sanjay Malhotra asserted that the measures taken to combat money laundering should not be overzealous which can stifle legitimate activities and investments.
While addressing Private Sector Collaborator Forum 2025 in Mumbai, RBI Governor said: "While we continue to keep our financial systems safe from money laundering and terrorist financing, policymakers must ensure that our measures are not overzealous and do not stifle legitimate activities and investments."
He bet for a balanced and risk-based approach to Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations to avoid unintended consequences on financial inclusion and economic growth.
Malhotra said that broad and blunt regulatory tools often create unnecessary compliance burdens on financial institutions and businesses, inadvertently affecting honest entities.
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