The FATF assertion comes within the backdrop of Indian authorities highlighting Pakistan’s persistent assist for terrorism and its funneling of multilateral funds for arms procurement.
The worldwide watchdog FATF on Monday condemned the brutal Pahalgam terror assault in April and stated the latest assaults couldn’t happen with out cash and the means to maneuver funds for terrorist supporters. The FATF additional stated it has enhanced its give attention to the effectiveness of measures nations have put in place to fight terror financing.
Right here’s what FATF stated on Pahalgam assault
“Terrorist assaults kill, maim and encourage concern all over the world. The FATF notes with grave concern and condemns the brutal terrorist assault in Pahalgam on 22 April 2025. This, and different latest assaults, couldn’t happen with out cash and the means to maneuver funds between terrorist supporters,” the Monetary Motion Activity Pressure (FATF) stated in an announcement.
The FATF assertion comes within the backdrop of Indian authorities highlighting Pakistan’s persistent assist for terrorism and its funnelling of multilateral funds for arms procurement.
Sources informed information company PTI that such motion by Pakistan warrants that the nation be put within the “gray listing” of the FATF.
On April 22, Pakistan-trained terrorists killed 26 individuals in Pahalgam, Kashmir.
India has persistently held that Pakistan has given protected haven to designated terrorists and the identical was evident when senior navy officers have been current on the funeral of the terrorists killed in Indian navy assaults of Might 7.
Forward of the following assembly of the Asia Pacific Group (APG) of FATF on August 25 and the following FATF plenary and dealing group assembly on October 20, India is making ready a file on the omissions and commissions by Pakistan with respect to FATF anti-money laundering and terror financing norms.
India to undergo FATF for gray itemizing of Pakistan
India might be submitting to the FATF for gray itemizing of Pakistan. At present, there are 24 nations in FATF ‘gray listing’. These nations are beneath elevated monitoring they usually have to handle strategic deficiencies to counter cash laundering, terrorist financing, and proliferation financing.
Pakistan’s historical past with FATF’s ‘gray listing’ dates again to February 2008, when it was positioned within the monitoring listing. In June 2010 it was faraway from the listing, solely to be introduced again in February 2012, after which eliminated once more in February 2015.
It was introduced again within the listing once more for the third time in June 2018, and was later eliminated in October 2022 with FATF asking Pakistan to proceed to work with APG to additional enhance its anti-moneylaundering/combatting the financing of terror (AML/CFT) system.
What’s FATF: All you must know
The FATF is the worldwide cash laundering and terrorist financing watchdog and units worldwide requirements that purpose to forestall these unlawful actions.
The FATF has been working for 10 years to assist nations keep forward of terrorist financing danger — for instance regarding abuse of social media, crowd funding, and digital belongings.