India, June 20 -- India will hold the position of Vice-President of the Financial Action Task Force (FATF) for the first time since joining the global anti-money laundering watchdog in 2010.

Vivek Aggarwal, a 1994-batch Indian Administrative Service (IAS) officer of the Madhya Pradesh cadre and currently Secretary, Ministry of Culture, Government of India, has been elected and appointed as the Vice-President of the FATF.

According to an official government statement, the FATF Vice-President is elected by the FATF Plenary from among its members and works closely with the President in guiding the organisation's activities and strategic priorities.

"The appointment places an Indian official at the apex of the global standard-setting body ...