The compliance requirement is quite strict — it asks for “significant and sustainable progress”, “across the range”. “It is clear that the FATF will take action if progress cannot be established,” the source said. Sources also said that there is an explicit threat of being blacklisted, if applicable.
These apps have made it convenient for people to avail instant funds, for urgent situations, be it during the festivals or just to have a relaxing vacation. Be it a working day, a Sunday or national holiday, these are there to help you out.