India by becoming a full-fledged member of the Financial Action Task Force :

India became a full-fledged member of the Financial Action Task Force (FATF) in 2010 [c2][t1]. As a member, India plays a critical role in the international framework for combating money laundering and terrorist financing [c1][t5]. Membership allows India to participate in setting global standards and enhances its role in international law enforcement, investigations, and the prosecution of terrorist activities by aligning with the FATF Consolidated Strategy on Combating Terrorist Financing [t1][t6]. While FATF is headquartered at the OECD in Paris [c1], membership in FATF does not automatically grant membership to the OECD [t7]. Furthermore, the exchange of information on suspect accounts is primarily governed by the OECD's Common Reporting Standard (CRS) and Multilateral Competent Authority Agreements rather than direct FATF membership [t3][t4]. Therefore, the most accurate implication is India's enhanced role in international law enforcement and counter-terrorist financing.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 9: Agriculture > FINANCIAL ACTION TASK FORCE (FATE) > p. 281
2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 9: Agriculture > FINANCIAL ACTION TASK FORCE (FATE) > p. 282
3. [4] https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/07/taking-stock-of-progress-on-transparency-and-exchange-of-information-for-tax-purposes_cf7047a4/afddc8c5-en.pdf
4. [5] https://www.oecd.org/content/dam/oecd/en/networks/global-forum-tax-transparency/aeoi-implementation-toolkit-en.pdf
5. [6] https://www.fincen.gov/financial-action-task-force-money-laundering-fatf