Paper: GS-II, Subject: International Relations, Topic: International Institutions, Issue: to release report on ‘state-sponsored terror’ for first time (FATF).
Context:
The Financial Action Task Force (FATF)’s condemnation of the Pahalgam terror attack and its upcoming report that will, for the first time, include State-Sponsored Terror as a source of terror funding.
Key Takeaways:
India became an Observer at FATF in 2006.Since then, it had been working towards full-fledged membership. On June 25, 2010, India was taken in as the 34th country member of FATF.
Objectives and Functions of the Financial Action Task Force (FATF):
The FATF’s rare condemnation of the Pahalgam attack and upcoming report on state-sponsored terrorism marks a significant shift, aligning with India’s stance and increasing global pressure on nations like Pakistan accused of financing and supporting cross-border terrorism.
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