India is set to approach global financial crime watchdog, the Financial Action Task Force (FATF), to put Pakistan under the “grey list” of the institute, a new report said on Friday.
According to the report by Reuters quoting a senior government official in New Delhi, India is pushing the FATF to put Pakistan in its “grey list”.
The development comes a month after the Pahalgam terror attack, where 26 people, mostly tourists, were killed when terrorists opened fire on them.
In addition to pushing the FATF, New Delhi will further oppose the upcoming funding for Pakistan from the World Bank, Reuters reported quoting the source.
As per another report by PTI, a source confirmed that New Delhi will be taking up the issue with FATF.
Countries that fail to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing, and are under increased monitoring, are placed in the FATF grey list.
Pakistan was taken off the FATF grey list in 2022, which gave confidence to global lenders to disburse loans to cash-strapped Islamabad.
(This is a developing story. Check back for updates)