India and Malaysia have reiterated their shared resolve to combat terrorism and transnational crime through closer collaboration and coordinated action. In New Delhi, the two nations held the third meeting of the India–Malaysia Joint Working Group on Counter Terrorism and Combating Transnational Crime, where both sides exchanged assessments on evolving regional and global security challenges.
They jointly condemned terrorism in every form and stressed the importance of strengthening international cooperation to address terror financing, radicalisation, and cross-border criminal networks. The two countries also reaffirmed their commitment to deepen cooperation in key multilateral platforms such as the United Nations, FATF, APG, and the ASEAN Regional Forum.
Both sides agreed to continue this engagement, with the next round of Joint Working Group discussions scheduled to take place in Kuala Lumpur at a mutually suitable date.
About the Financial Action Task Force (FATF)
- The Financial Action Task Force (FATF) is an intergovernmental body established in 1989 by the G7 nations to combat money laundering, terrorist financing, and threats to the integrity of the international financial system.
- Headquartered in Paris, FATF sets global standards through its “40 Recommendations,” which member countries are expected to implement to strengthen their legal, institutional, and enforcement frameworks.
- FATF monitors compliance through mutual evaluations and identifies high-risk jurisdictions by placing them on its “grey list” or “blacklist,” prompting global financial scrutiny.
- Over the years, FATF has expanded its mandate to include issues like proliferation financing and virtual assets, playing a crucial role in safeguarding the global financial architecture.
