The worldwide cash laundering and terror financing watchdog Monetary Motion Process Pressure (FATF) has condemned the “brutal terrorist assault” in Pahalgam on April 22, 2025 and expressed “grave concern” about such terror assaults. With out naming any nation, the FATF in an announcement launched Monday additionally mentioned that the Pahalgam assault and related terror assaults couldn’t have occurred with out motion of funds between “terrorist supporters”.
“Terrorist assaults kill, maim and encourage worry world wide. The FATF notes with grave concern and condemns the brutal terrorist assault in Pahalgam on 22 April 2025. This, and different current assaults, couldn’t happen with out cash and the means to maneuver funds between terrorist supporters,” it mentioned.
The assertion by the FATF comes after it held its plenary assembly final week.
The cash laundering and terror financing watchdog mentioned it has recognized gaps that should be addressed by way of its mutual evaluations. It has enhanced its concentrate on the effectiveness of measures nations have put in place towards terrorism, the FATF mentioned, including that it’s going to quickly launch a complete evaluation of terrorist financing, compiling circumstances supplied by its world community.
Citing a current assertion by the FATF President on the current No Cash for Terror Convention in Munich, the FATF mentioned, “No single firm, authority, or nation can fight this problem alone. We should be unified towards the scourge of world terrorism. As a result of terrorists must succeed solely as soon as to realize their aim, whereas we now have to succeed each time to forestall it.”
The FATF plans to host a webinar to assist private and non-private sectors perceive the dangers and keep alert to rising threats, particularly from terrorism.
The Indian authorities had earlier said its intent to take up terror funding prices towards Pakistan to make a case for placing it again within the “gray listing” of FATF on the plenary assembly earlier this month.
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Pakistan was put within the gray listing in June 2018, and confronted “elevated monitoring” until it was eliminated in October 2022.
When Pakistan was taken off the gray listing in 2022, it was stored within the enhanced follow-up class by the FATF having been compliant with different suggestions however being ‘partially compliant’ with one advice (advice 38 of FATF) — a deficiency regarding the protection of predicate offences. Initially, it was discovered to be non-compliant on advice 38 (R.38), the standing for which was then modified to ‘partially compliant’ within the October 2022 overview.
In easier phrases, R.38 is concerning mutual authorized help (MLA) for freezing and confiscation of proceeds of crime, primarily when crime has occurred elsewhere and proceeds are within the related nation (Pakistan on this case).
Advice 38 of the FATF requires nations to have authority to take expeditious motion in response to requests by different nations to determine, freeze and seize property laundered, proceeds from cash laundering or predicate offences. Although Pakistan had issued pointers for MLA, FATF had famous the deficiencies in its scheme for offering help to different nations.
