Delhi, June 16:There was a sizeable terror funding behind the Pahalgam terrorist attack in Jammu & Kasmir, said the Financial Action Task Force (FATF) on Monday.
The Financial Action Task Force (FATF) strongly condemned the April 22 terror attack in Jammu and Kashmir's Pahalgam that killed 26 people.
It said that such a massive massacre could not have planned without a sizeable financial backing and the support of terror networks.
In a statement, the global terror financing watchdog, which removed Pakistan from the grey list in 2022, said that "Money movement" was central to terrorism and such attacks, including the one in Pahalgam, would not be possible.
This also indicates the global recognition of the threat of cross-border terrorism in India, and the critical role of financial flows in sustaining terror operations.
The FATF's statement indirectly underlined Pakistan-based terror financing routes, as India has consistently highlighted the use of hawala, NGOs and digital tools like cryptocurrency by terror groups operating from across the border.
The Paris-based watchdog flagged new-age risks such as the abuse of social media, crowdfunding and virtual assets - tools increasingly being used to bypass traditional surveillance systems.
Pakistan was earlier in the grey list (a designation indicating a country under increased monitoring due to weaknesses in its anti-money laundering and counter-terrorism financing systems) from 2018 to 2022. However, it was removed from the grey list in 2022.
Meanwhile, New Delhi has also been providing FATF with evidence related to Islamabad's terror infrastructure.
A comprehensive report on terror financing patterns will be released by the FATF soon, highlighting global case studies. A webinar will also be held to alert public and private players to emerging threats.
Earlier, FATF President Elisa de Anda Madrazo had stressed the need for global unity in fighting terrorism for good in any form.
