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Vivek Aggarwal appointed FATF vice-president for 2026-27 term
The Hindu··20 Jun
The Hindu reported that the Financial Action Task Force Plenary appointed Culture Ministry Secretary Vivek Aggarwal as incoming vice-president for July 2026 to June 2027, succeeding Britain's Giles Thomson.
Prism
What It Means For You
- India gains influence over global anti-money laundering rules.
- Cross-border finance scrutiny may tighten under FATF leadership.
- The role boosts India's financial governance credentials.
What's Happening
- Aggarwal becomes FATF vice-president from July 2026.
- He currently serves as Culture Ministry Secretary.
- The UK assumes the FATF presidency this term.
Institutional Context
- FATF sets standards on terror financing and illicit flows.
- India completed a mutual evaluation under Aggarwal's leadership.
- The post is a senior global financial policy position.
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