India’s Vivek Aggarwal appointed FATF vp, a primary for the nation
India was on Friday accorded the vice presidency of the Monetary Motion Process Pressure (FATF), the worldwide physique that units requirements for combating cash laundering and terrorist financing, for the primary time. New Delhi has been a member of the influential worldwide physique since 2010.
Union Tradition Secretary Vivek Aggarwal was appointed the FATF vp on the conclusion of the plenary assembly held on the outfit’s headquarters in Paris, an official assertion stated. He’ll succeed UK nationwide Giles Thomson, who has been holding the publish since July 1, 2025.
“Members accepted the Priorities of the FATF beneath the incoming UK Presidency, and appointed Mr Vivek Aggarwal of India because the incoming Vice-President of the FATF (July 2026-June 2027),” the FATF stated in an announcement.
The vp of the FATF is elected by the FATF Plenary from amongst its members and assists the president in steering the organisation’s work.
Who’s Vivek Aggarwal?
Vivek Aggarwal is a 1994-batch Indian Administrative Service (IAS) officer of the Madhya Pradesh cadre and has served as the pinnacle of the Indian delegation to the FATF up to now and likewise because the director of the Monetary Intelligence Unit (FIU).
He was serving as an extra secretary within the Union finance ministry when India’s final mutual analysis report was printed in 2024.
Within the report, the FATF lauded India, stating that its evaluation of the nation’s measures to sort out illicit finance discovered that it has applied an anti-money laundering and counter-terrorist financing (AML/CFT) framework that’s reaching good outcomes.
Centre hails FATF appointment
Ministry of exterior affairs spokesperson Randhir Jaiswal described Aggarwal’s election as a “main win” for India and stated the management position reinforces India’s relentless give attention to combating world terrorist financing networks.
“As India continues to champion a zero-tolerance coverage towards terrorism, this management position reinforces our relentless give attention to combating world terrorist financing networks and dismantling illicit monetary techniques,” he stated.
Jaiswal stated Aggarwal’s “profound experience” as the previous head of India’s FATF delegation will advance the organisation’s mandate to safe monetary integrity.
The union tradition ministry termed it on X a “landmark” appointment.
“It displays the immense belief and credibility India has constructed throughout greater than 200 jurisdictions, highlighting the nation’s proactive position in shaping world coverage on rising dangers like digital funds and digital property. This achievement underscores the worldwide group’s religion in India’s institutional energy and shared dedication to worldwide monetary integrity,” the ministry stated.
The finance ministry termed the event a “landmark recognition” of India’s rising management within the world struggle towards cash laundering and terrorist financing.
“The appointment locations an Indian official on the apex of the worldwide standard-setting physique for anti-money laundering and counter-terrorist financing,” the ministry stated in an announcement.
How Vivek Aggarwal reacted
In his assertion, Vivek Aggarwal stated that the appointment was a recognition of India’s collective effort and the energy of our anti-money laundering and counter-terrorist financing framework.
“I’m deeply honoured to serve, and stay up for working with the FATF World Community to maintain the worldwide monetary system secure, inclusive and resilient,” he stated.
Delegates from greater than 200 jurisdictions and observers gathered in Paris throughout June 17-19 to debate threats to world monetary integrity and safety.
