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3mo ago

FATF Condemns Pahalgam Attack as India Prepares Dossier to Grey-List Pakistan

By condemning the Pahalgam attack for its reliance on money movement, FATF set the stage for a detailed analysis of terrorism financing before its August and October sessions.

Chairs and tables scattered at the site of terrorist attack on tourists in Baisaran near Pahalgam in south Kashmir's Anantnag district.
India to Submit Dossier to FATF to Put Pakistan Back in 'Grey List' | Image: Republic
Image
India has made its case with bodies such as FATF and the UNSC about the need for renewed action against Pakistan-based terror groups. (PTI)

Overview

  • FATF declared that the April 22 Pahalgam attack required financial backing and the movement of funds across terrorist networks, marking its third condemnation of a terror act in a decade.
  • The watchdog said it will soon publish a comprehensive analysis of terrorist financing and host a webinar to alert public and private sectors to emerging funding risks.
  • India plans to present a dossier on Pakistan’s alleged anti-money-laundering and terror financing lapses to FATF’s Asia Pacific Group by August 25 and to its plenary in October to push for grey-listing.
  • Pakistan has entered the FATF grey list five times since 2008 over gaps in its counter-terror financing measures, most recently removed in October 2022.
  • FATF’s enhanced scrutiny framework now assesses the effectiveness of national measures and, for the first time, acknowledges state-sponsored terrorism as a key funding risk.