India has reaffirmed its strong support for the Financial Action Task Force, describing it as an indispensable pillar of the global fight against terrorism financing and money laundering.

The statement came after Pakistan criticised the FATF following the neighbouring country placement on the organisation’s grey list for increased monitoring.

Speaking at a UN event on the sidelines of Counter-Terrorism Week, India’s Permanent Representative to the UN, P. Harish, said attempts to question FATF’s credibility reflect fear of scrutiny rather than genuine concerns. He said countries receiving adverse FATF assessments should address identified deficiencies and strengthen action against terror financing.

Mr. Harish also outlined India’s efforts to strengthen its anti-money laundering framework, including tighter regulations for virtual asset service providers and cooperation with FATF on emerging financial risks