India to assume Vice-Presidency of the Financial Action Task Force for the first time

India, June 19 -- The Government of India has issued a release:

In a landmark recognition of India's growing leadership in the global fight against money laundering and terrorist financing, Shri Vivek Aggarwal, a 1994-batch officer of the Indian Administrative Service (Madhya Pradesh cadre) and presently Secretary to the Government of India, Ministry of Culture, has been elected and appointed Vice-President of the Financial Action Task Force (FATF). This is the first time that India will hold the Vice-Presidency of the FATF.

The Vice-President of the FATF is elected by the FATF Plenary from among its members and assists the President in steering the organisation's work. The appointment places an Indian official at the apex of the global s...