In a significant diplomatic move, India is preparing to submit a comprehensive dossier to the Financial Action Task Force (FATF), urging the global watchdog to reconsider Pakistan’s removal from its "grey list". The dossier reportedly includes fresh evidence and intelligence inputs pointing to Pakistan’s continued non-compliance in curbing terror financing and money laundering activities.
According to sources familiar with the matter, the dossier will detail Pakistan's alleged support for proscribed terrorist organizations, including their operations, funding sources, and cross-border activities. India aims to highlight that despite FATF's previous actions, Pakistan has not made sufficient progress on key action items related to terror financing.
The FATF grey list includes countries under increased monitoring for deficiencies in anti-money laundering (AML) and counter-terrorism financing (CTF) measures. Pakistan was removed from the list in October 2022 after significant progress was reported. However, Indian officials argue that this progress may have been superficial or short-lived.
By presenting this dossier, India seeks to pressure the global body to reassess Pakistan’s compliance status and reintroduce it to the grey list, which would subject Islamabad to greater financial scrutiny and international oversight.
The upcoming FATF plenary meeting, expected to be held in the coming months, could be a critical moment for this development. India's move underscores its continuing concerns over regional security and the effectiveness of international mechanisms in addressing state-sponsored terrorism.
FAQ
1. What is the FATF grey list?
The FATF grey list includes countries under increased monitoring that are actively working with the Financial Action Task Force (FATF) to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
2. Why was Pakistan removed from the FATF grey list in 2022?
Pakistan was removed from the grey list in October 2022 after FATF concluded that it had largely completed its action plan by implementing measures to combat terror financing and money laundering.
3. Why is India submitting a dossier to the FATF?
India is submitting a dossier to present fresh evidence suggesting that Pakistan has not taken sustained or genuine action against terrorist groups, and continues to support or tolerate activities related to terror financing.
4. What kind of evidence is included in the dossier?
The dossier reportedly includes intelligence reports, financial transaction data, and documentation of ongoing activities of designated terrorist organizations operating from Pakistan.
5. What happens if FATF re-adds Pakistan to the grey list?
If Pakistan is re-listed, it may face increased scrutiny from international financial institutions, difficulties in securing foreign investment, and restrictions on financial transactions, affecting its already fragile economy.
6. When will FATF consider India's dossier?
India’s dossier is expected to be reviewed in an upcoming FATF plenary meeting. The specific date has not been officially announced but such meetings are typically held biannually.
7. How does this impact India-Pakistan relations?
The move may further strain already tense relations between the two nations, as it involves internationalizing India's concerns over terrorism allegedly emanating from Pakistani territory.
Publish on may 23,2025 by :selvi