India’s FATF Vice-Presidency win tied to strong anti-money laundering record

India’s election to the Vice-Presidency of the Financial Action Task Force (FATF) reflects the country’s strong showing in its most recent Mutual Evaluation and its sustained contribution to shaping global policy on emerging financial risks, the Ministry of Finance said. Shri Vivek Aggarwal, Secretary in the Ministry of Culture and a 1994-batch IAS officer of the Madhya Pradesh cadre, was appointed to the post for July 2026 to June 2027.

The ministry said this is the first time India will hold the FATF Vice-Presidency, calling it a landmark recognition of the country’s growing leadership in the global fight against money laundering and terrorist financing. It said India’s role within the FATF Global Network of more than 200 jurisdictions has been shaped in part by its contributions on risks associated with virtual asset service providers and digital payments.

The Vice-President is elected by the FATF Plenary from among its members and assists the President in steering the organisation’s work. The FATF, based in Paris, sets global standards to prevent money laundering, terrorist financing and the financing of proliferation, with its Presidency running on a two-year term.

Aggarwal said the appointment recognised “India’s collective effort and the strength of our anti-money-laundering and counter-terrorist-financing framework,” and said he looked forward to working with the FATF Global Network to keep the international financial system safe, inclusive and resilient.

Revenue Secretary Shri Arvind Shrivatsava called the appointment a proud milestone reaffirming India’s commitment to strengthening the integrity of the international financial system.