India says criticism of FATF reflects fear of scrutiny, not concerns over its globally accepted, evidence-based evaluation process.
Highlights
- India strongly defended the credibility of the FATF framework.
- Said FATF assessments are technical and evidence-based.
- Remarks came at a UN event on combating terror financing.
- India and France co-hosted the international conference.
- Focus remained on emerging technologies and terrorism financing.
India has strongly defended the credibility of the Financial Action Task Force (FATF), asserting that its assessment process is based on internationally accepted standards and should not be questioned for political reasons.
Speaking at the United Nations during the event titled ‘Joining Forces to Counter Terrorism Financing in the Context of Evolving Threats and Emerging Technologies’, an Indian representative said the FATF’s evaluation mechanism is technical, evidence-based and globally recognised.
He stated that attempts to undermine the credibility of the FATF often stem from a fear of scrutiny rather than genuine concerns about the integrity of its assessment process. According to him, the FATF framework follows established international norms and plays a crucial role in strengthening the global fight against money laundering and terrorism financing.
The remarks came at a time when countries across the world are facing increasingly sophisticated methods of financing terrorism through digital technologies, cryptocurrencies and online platforms. India reiterated that international cooperation is essential to tackle these evolving threats effectively.
The event brought together policymakers, diplomats and counter-terrorism experts to discuss strategies for disrupting terror financing networks and improving coordination among nations. Discussions also focused on the growing role of technology, digital financial systems and internet platforms in both enabling and combating illicit financial activities.
The conference was co-organised by the Permanent Missions of India and France to the United Nations, the UN Counter-Terrorism Committee Executive Directorate (CTED), the UN Office of Counter-Terrorism (UNOCT), and the Global Internet Forum to Counter Terrorism (GIFCT).
India has consistently called for stronger international action against terrorism and its financing, arguing that cutting off financial support remains one of the most effective ways to weaken terrorist organisations. The country has also urged nations to ensure that global anti-terror financing mechanisms remain objective, transparent and free from political influence.
The discussions highlighted the importance of strengthening international partnerships, sharing intelligence, and adapting regulatory frameworks to address emerging technological challenges while ensuring the integrity of the global financial system.
