Mumbai, March 26 -- The Financial Action Task Force (FATF) has stressed the need for public-private partnerships to step up global defences against financial crime at the 2025 FATF Private Sector Collaborative Forum, which was held in Mumbai on Tuesday.

The forum, hosted in Mumbai by the Reserve Bank of India (RBI) and the Ministry of Finance, from March 25-27, invites a wide range of stakeholders to express their views, according to FATF press release. More than 200 participants, including representatives from international banking groups, fintech companies, gatekeepers and civil society are currently discussing with public officials the global trends in anti-money laundering and the financing of terrorism.

In his address at the forum ...