India Appointed Vice-President of Global Anti-Money Laundering Body FATF

India has secured the vice-presidency of the Financial Action Task Force (FATF), an international body dedicated to combating money laundering and terrorist financing. Union Culture Secretary Vivek Aggarwal was appointed to this significant role during the FATF's plenary meeting held at its headquarters in Paris.

This appointment places India in a key position within the global financial watchdog. The FATF sets international standards and works to implement effective legal, regulatory, and operational measures to combat these financial crimes. India's role as vice president signifies its commitment to and influence in global efforts against illicit financial activities.

The plenary meeting in Paris served as the venue for this important decision, bringing together representatives from member countries to discuss and strategize on combating financial crime worldwide. Aggarwal's appointment is expected to bolster India's engagement and leadership in FATF's ongoing initiatives.