A national risk assessment is currently under way in which central agencies, including the Reserve Bank of India (RBI), have been tasked with evaluating sectors that are vulnerable to money laundering and terror financing, The Times of India reports on October 31. The exercise has begun just ahead of the India’s mutual evaluation of the FATF, the Paris-based inter-governmental body that had recently retained Pakistan on its ‘Grey List’ following its noncompliance in taking actions against banned terrorist outfits and UN-designated terrorists, denying them access to its financial institutions and banks. India’s own FATF assessment has been pending since 2019 and postponed twice. An internal assessment earlier had found lack of convictions in a large number of cases related to money laundering. Following this, the government had asked the ED and CBI among other agencies to file chargesheets in a time bound manner and ensure convictions in cases where prosecution complaints have been filled.