New Delhi, July 1 -- The Financial Action Task Force's (FATF) new guidelines on financial inclusion have extensively endorsed India's institutional mechanisms such as Jan-Dhan, Aadhaar and Mobile (JAM) Trinity, as well as digital stacks, customers due diligence, and Financial Stability and Development Council, emphasising that financial inclusion and the fight against financial crime are mutually supportive. "In India, a multi-pronged approach to promote financial inclusion and promote transactions through financial channels, called JAM Trinity, was developed based on three pillars: (1) access to financial services to the unbanked population, (2) biometric based identification for every citizen, and (3) the development of a digital payment ecosystem. As per the Global Findex, access to financial services increased from 35% of total population in 2011 to 53% in 2014and to 80% in 2017," the guidelines said....