Overview

• In February 2020 Indian customs seized the Da Cui Yun, an Asian-flagged vessel en route from China’s Jiangyin port to Karachi’s Port Qasim, after its documentation misdeclared dual-use autoclaves
• The bill of lading traced the cargo to Pakistan’s National Development Complex, tying the shipment to Islamabad’s long-range ballistic missile development
• The FATF found that only 16% of assessed countries demonstrate high or substantial effectiveness in countering proliferation financing, warning of global vulnerabilities
• The report condemned the April 22 Pahalgam terror attack, noting that such operations rely on financial networks that evade existing controls
• India plans to cite the findings at the August Asia Pacific Group meeting and the October FATF plenary to advocate for Pakistan’s return to the grey list