GS Paper III · Internal Security
Money Laundering Current Affairs for UPSC (GS Paper III)
From the syllabus: Linkages between development and extremism; role of external state and non-state actors; communication networks, media and social networking in internal security; cyber security; money-laundering; border areas and organized crime with terrorism; security forces and agencies
Why it matters: Evaluators test knowledge of financial channels and investigative powers used to curb illegal capital flows supporting illicit networks.
In the news
September 2026
17 Sep 2026
Enforcement Directorate expands probe into Insolvency and Bankruptcy Code irregularitiesThe Enforcement Directorate (ED) has widened its investigation into alleged procedural and financial irregularities occurring during Insolvency and Bankruptcy Code (IBC) proceedings. Enacted in 2016, the IBC provides a time-bound...
08 Sep 2026
FATF Flags Emergence of Digital Hawala in Global Illicit FinanceA recent Financial Action Task Force (FATF) report highlighted the rapid convergence of virtual digital assets with traditional informal value transfer networks, creating an evolving digital hawala mechanism. Nearly 70 percent of...
August 2026
18 Aug 2026
Foreign Asset Disclosure Scheme Rolled Out for TaxpayersThe Central Government has launched a targeted foreign asset disclosure scheme aimed at small taxpayers with undisclosed offshore holdings or bank accounts. Under the framework, taxpayers can declare foreign assets by paying a total...
Practise Money Laundering
5 of our latest questions on this topic.
Question 1 of 5
Regarding the Financial Action Task Force (FATF) and informal value transfer networks, what constitutes 'Digital Hawala'?
Previous years' questions
Past exam questions sorted by topic are coming here. Until then, the full papers are in our previous papers library.