📷 Image: Wikimedia Commons / AaminaSharif
International
India to Assume Vice-Presidency of Global Financial Crime Watchdog FATF
🗓 19 Jun 2026, 07:32 PM
👁 1
For the first time, India is set to hold the vice-presidency of the Financial Action Task Force (FATF), a key international body combating financial crimes.
India is poised to take on a significant role in the global fight against financial crime, as it prepares to assume the vice-presidency of the Financial Action Task Force (FATF). This marks the first time India will hold such a high-ranking position within the intergovernmental organization.
The FATF is renowned for setting international standards to combat money laundering, terrorist financing, and other related financial crimes. Its decisions and recommendations carry substantial weight in shaping global financial regulations and policies.
Assuming the vice-presidency signifies India's growing influence and commitment to strengthening the global financial system's integrity. This role is expected to allow India to play a more active part in shaping the FATF's agenda and initiatives aimed at tackling illicit financial flows worldwide.
The FATF is renowned for setting international standards to combat money laundering, terrorist financing, and other related financial crimes. Its decisions and recommendations carry substantial weight in shaping global financial regulations and policies.
Assuming the vice-presidency signifies India's growing influence and commitment to strengthening the global financial system's integrity. This role is expected to allow India to play a more active part in shaping the FATF's agenda and initiatives aimed at tackling illicit financial flows worldwide.