India, June 20 -- India has achieved a major milestone in global financial governance with the election of Vivek Aggarwal, Secretary, Ministry of Culture, as Vice-President of the Financial Action Task Force (FATF). This marks the first time India will hold the Vice-Presidency of the FATF, the world's leading body for combating money laundering, terrorist financing and proliferation financing.

According to an official statement, Aggarwal's appointment reflects the confidence and trust reposed in India by the FATF Global Network, which comprises more than 200 jurisdictions worldwide. His election is seen as recognition of India's sustained efforts to strengthen its anti-money laundering (AML) and counter-terrorist financing (CFT) framewor...