India, June 23 -- At one level it seems like a huge win for India. At least one major body has focused on the Pahalgam terror attack rather than the operation that followed it, and ensuing calls for restraint. The Financial Action Task Force (FATF), the foremost authority on money laundering and terrorist finance, has not just condemned the terror attack, but, last week, resolved to launch a probe noting that it could not have been carried out "without money and the means to move funds between terrorist supporters". Unlike various groups asking for proof of who did the attack, the FATF proposes to find it for itself.

The FATF was formed in 1989 by the G-7 countries, the European Commission and eight others (who are not listed), to combat...