Cayman Islands' grey list tag may hurt FPI investments into India

Topics FPIs | FATF

The Cayman Islands, one of India’s richest routes for foreign investments, has been put on the grey list of countries/regions for increased monitoring by the Financial Action Task Force (FATF), an inter-governmental body that sets anti-money laundering standards. The British overseas territory is among the 15 most preferred routes for foreign portfolio investments in India, with total assets under custody worth Rs 70,000-90,000 crore. It is also the third-most preferred source of foreign direct investments into India, based on the data for the first half of FY21.  Burkin.....

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