FATF ramps up global fight: 200+ jurisdictions unite against terror financing

The Financial Action Task Force (FATF) is ramping up its global campaign against terror financing, uniting over 200 jurisdictions to enhance counter-financing of terrorism (CFT) frameworks worldwide.

The FATF, recognized as the international standard-setter for combating money laundering and terror financing, emphasized the critical role of financial intelligence in disrupting terror funding networks. This move comes amid heightened concerns following the brutal terrorist attack in Pahalgam on April 22, 2025, which the FATF condemned, noting such attacks rely heavily on illicit money flows.

India is actively preparing a detailed dossier accusing Pakistan of violating anti-money laundering and terror financing guidelines. This dossier aims to advocate for Pakistan’s re-inclusion on FATF’s grey list, a status Pakistan has oscillated on since first being added in 2008.

Pakistan’s history with the grey list is marked by intermittent inclusion: first added in February 2008, removed in June 2010, and re-added in February 2012. India’s dossier seeks to highlight ongoing concerns about Pakistan’s role in facilitating terror financing.

“This, and other recent attacks, could not occur without money and the means to move funds between terrorist supporters,” the FATF stated, underscoring the importance of international cooperation to break these financial chains.

The FATF’s intensified efforts reflect a global consensus to strengthen financial oversight and intelligence sharing to prevent terror financing, aiming to safeguard international security through coordinated action.

The Financial Action Task Force (FATF) is intensifying global efforts against terror financing, collaborating with over 200 jurisdictions to strengthen counter-financing frameworks. India is preparing a dossier to push Pakistan’s re-inclusion on FATF’s grey list amid concerns over recent terrorist attacks funded through illicit money flows.