4 hours ago
Last Updated:May 06, 2025, 10:58 IST
A senior official told News18 there are concrete and actionable cases tracing terror financing and money laundering to ‘cripple Indian economy’ back to sources within Pakistan
India is determined to put Pakistan on the spot during the upcoming high-profile meetings of international forums, including the IMF board's crucial meeting to decide on financial aid for Pakistan. (Getty)
India is ramping up diplomatic efforts to expose Pakistan’s alleged involvement in terror sponsoring and support for terrorist organisations like the LeT and others, aiming to push for its re-listing on the Financial Action Task Force (FATF) ‘grey list’ or under the ‘enhanced surveillance’ category. This seems to be a crucial move that may choke the scheduled aid by the IMF to Pakistan. It may also attract other international sanctions, News18 has learnt.
India is also likely to propose ‘enhanced surveillance’ on Pakistan in this regard, a process that was eased in 2022 when Pakistan, according to the FATF documents, showed willingness to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
A senior official involved in the FATF process told News18 that there are concrete and actionable cases tracing terror financing and money laundering to ‘cripple Indian economy’ back to sources within Pakistan— evidence that will be presented at the relevant global forum as and when required.
Significantly, India is a member country of FATF, while Pakistan has become a part of Asia Pacific Group of Money Laundering, which is one of the FATF Style Regional Bodies. In October 2022, FATF in a statement said, “Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Nicaragua and Pakistan are no longer subject to increased monitoring by the FATF."
A few senior politicians, including Bilawal Bhutto Zardari, cited FATF’s recent recommendations about Pakistan in their attempts to shrug off the responsibility of terror financing and backing.
India is, however, determined to put Pakistan on the spot during the upcoming high-profile meetings of international forums, including the IMF board’s crucial meeting to decide on a support package (financial aid) for Pakistan. India is expected to oppose the funding in the wake of the recent terror attack in Pahalgam. “We are prepared with evidence to present before the board and also at the FATF. Our stand maintains that international financial aid should not be extended to countries that harbour or back terrorism," added the officer.
According to the FATF’s recent review early this year, there are three countries that feature on the FATF’s black list while around 25 countries are on its grey list.
Location : First Published:News india 'Have Proof, Will Act': India Works To Put Pakistan Back 'Under Surveillance' In FATF, Cripple IMF Aid
