Comprehensive Update on Terrorist Financing Risks” report
▪ The Financial Action Task Force (FATF), in a report, highlighted that digital platforms—including online payments, VPNs, social media, and e-commerce—were misused in the Pulwama (2019) and Gorakhnath Temple (2022) terror attacks
▪ The report, titled ‘Comprehensive Update on Terrorist Financing Risks’, serves as a global alert on the evolving and increasingly complex methods of terrorist financing.
▪ FATF is an intergovernmental policy-making body established in 1989 at the G7 Summit in Paris.
▪ Its primary objective is to develop policies to combat money laundering (ML), terrorist financing (TF), and other related threats to the integrity of the international financial system.
▪ Headquarters – FATF is headquartered in Paris, France, and functions out of the Organisation for Economic Co-operation and Development (OECD) headquarters.
▪ FATF comprises 39 members(Including European Commission and Gulf Cooperation Council).
▪ India became a full member of the FATF in 2010.
