India played a crucial role in releasing the FATF report on terrorist financing.

India Contributes to FATF Project on Terrorist Financing Risks

• India contributed significantly to the “Comprehensive Update on Terrorist Financing Risks” report.

• The report, co-led by the United Nations Security Council Counter-Terrorism Committee Executive Directorate and France, recognizes state sponsorship as a means to fund and support terrorism.

• India’s 2022 National Risk Assessment (NRA) on Money Laundering and Terror Financing flagged state-sponsored terrorism, particularly from Pakistan, as a major concern.

• The findings of the FATF report are expected to influence subsequent NRAs of all other countries.

• The US has acknowledged terrorism threats from terror groups in Pakistan, citing increased business costs.

• The report considers inputs from delegations and publicly available information sources.