New Delhi, March 26 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra raised concerns on Wednesday over threats from money laundering and terror financing to the national and global financial systems, which are continuously evolving and becoming more sophisticated.

The RBI Governor noted that technological advancements have given strength to money laundering and terror financing activities.

"The threats from money laundering and terror financing to the national and global financial systems are continuously evolving and becoming more sophisticated," RBI Governor Sanjay Malhotra said, speaking at the Private Sector Collaborative Forum of the Financial Action Task Force (FATF).

"In order to effectively counter these threats, we need...