FATF condemns Pahalgam attack

The Financial Action Task Force (FATF) on Monday condemned the Pahalgam terror attack and noted that such attacks "could not occur without money and the means to move funds between terrorist supporters".

"Terrorist attacks kill, maim and inspire fear around the world. The FATF notes with grave concern and condemns the brutal terrorist attack in Pahalgam on April 22, 2025," the global watchdog noted.

Counterterror officials said FATF rarely issues condemnation of terrorist acts. It is only the third time in the last decade that they have issued condemnation of a terrorist attack. It had earlier issued condemnations in 2015 and in 2019.

"It has issued the condemnation because the international community has felt the severity of the attack and spotlights that such attacks will not go unpunished," they added. In a statement on Monday, FATF noted that it has been working for 10 years to help countries stay ahead of terrorist financing risk, for example relating to abuse of social media, crowd funding and virtual assets. To improve this picture, FATF will soon release a comprehensive analysis of terrorist financing, compiling cases provided by Global Network.

FATF chief Elisa de Anda Madrazo recently emphasised, "No single company, authority, or country can combat this challenge alone. We must be unified against the scourge of global terrorism."