India has been elected to the Vice-Presidency of the Financial Action Task Force (FATF) for the first time, marking a significant milestone in the country’s global financial diplomacy.<\/p>\n\n\n\n
The Government of India announced that Vivek Aggarwal, Secretary, Ministry of Culture and a 1994-batch IAS officer of the Madhya Pradesh cadre, will serve as FATF Vice-President for a one-year term from July 2026 to June 2027.<\/p>\n\n\n\n
The appointment was made by the FATF Plenary and reflects India’s increasing engagement in global efforts to combat money laundering, terrorist financing and other illicit financial activities.<\/p>\n\n\n\n
Vivek Aggarwal has previously headed India’s delegation to FATF and served as Director of the Financial Intelligence Unit-India (FIU-IND), the country’s nodal agency responsible for analysing suspicious financial transactions.<\/p>\n\n\n\n
Headquartered in Paris, FATF is the world’s leading intergovernmental body that sets standards to combat money laundering, terrorist financing and proliferation financing. Its global network comprises more than 200 jurisdictions.<\/p>\n\n\n\n
India became a full member of FATF in 2010 and has steadily expanded its role within the organisation. The country’s 2024 FATF mutual evaluation report acknowledged significant progress in strengthening anti-money laundering and counter-terrorist financing systems.<\/p>\n\n\n\n
As Vice-President, India will support FATF’s leadership in advancing international cooperation and addressing emerging challenges such as digital payments, virtual assets and cross-border financial crimes.<\/p>\n\n\n\n
The appointment is being viewed as a major diplomatic achievement that reinforces India’s growing profile in global financial governance and international efforts to safeguard the integrity of the financial system. <\/p>\n\n\n\n
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India Secures FATF Vice-Presidency for the First Time, Marking Major Diplomatic Milestone<\/p>\n","protected":false},"author":1,"featured_media":2928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[567,26,10],"tags":[574,33,575],"class_list":["post-2925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-france","category-news","category-world","tag-fatf-vice-presidency","tag-india","tag-vivek-aggarwal"],"yoast_head":"\n