International Cooperation — Mains Questions

Critically analyze the effectiveness of India's international cooperation mechanisms in preventing money laundering and recovering illicit assets. What are the major challenges and suggest measures to overcome them?

Examine the role of multilateral frameworks like FATF and the Egmont Group in shaping India's anti-money laundering (AML) policies and operational strategies. How does India balance its national sovereignty with international compliance?

The rise of digital assets presents both opportunities and significant challenges for international cooperation in money laundering prevention. Discuss this statement in the context of India's efforts and the global regulatory landscape.