India Secures Historic Seat in FATF Leadership as Vivek Aggarwal Named Vice-President
India’s first-ever FATF Vice-Presidency marks a major recognition of its growing role in global efforts against money laundering and terror financing
India has achieved a great milestone in global financial governance as it has been elected to the Vice-Presidency of FinancialAction Task Force (FATF) for first time. The appointment mark a huge recognition of India's growing role in the international fight against moneylaundering and terrorist financing.
The Government of India announced on Thursday that Shri Vivek Aggarwal, Secretary in the Ministry of Culture and a 1994-batch Indian Administrative Service (IAS) officer of the Madhya Pradesh cadre, has elected as the Vice-President of the FATF. He will serve
a one-year term from July 2026 to June 2027.
The FATF is a Paris-based intergovernmental
organisation that develop global standards to combat money laundering, terrorist financing and the financing of weapons proliferation. It has a network of more than 200 jurisdictions and plays key role in safeguarding the integrity of the international financial system.
The Vice-President is elected by the FATF Plenary and assists the President in guiding the organisation's work. With this appointment, India will have a representative in one of the highest leadership position within the global standard-setting body.
According to the government, India's election reflect the trust and credibility it has earned within the FATF network. The development follows India's strong performance in its recent Mutual Evaluation and its active contribution to discussions on emerging financial risks including virtual assets and digital payment systems.
Reacting to his appointment, Aggarwal said the recognition reflects India's collective efforts and the strength of its anti-money laundering and counter-terrorist financing framework. He added that he look forward to working with FATF members to make the international financial system safer, more inclusive and resilient.
Revenue Secretary Arvind Shrivastava described the development as proud moment for the country and reaffirmed India's commitment to strengthening the integrity of the global financial system.
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