India Becomes FATF Vice-President for the First Time

Why in News?

India has been elected Vice-President of the Financial Action Task Force (FATF) for the first time.

Appointed

Vivek Aggarwal

Tenure

July 2026 – June 2027

Key Points

• FATF combats:
  • Money Laundering (AML)
  • Terror Financing (CFT)
• Vice-President elected by FATF Plenary.
• India's regulatory framework received global recognition during Mutual Evaluation.

UPSC Prelims Facts

• FATF Headquarters: Paris, France
• FATF Members: 40
• Global Network: 200+ jurisdictions

Mains Value

• Financial governance
• Counter-terror financing
• International cooperation