Vivek Aggarwal has been elected as the Vice President of the FATF

• India has achieved a significant milestone in the realm of the international financial system. Vivek Agrawal, a 1994-batch IAS officer of the Madhya Pradesh cadre, was elected Vice President of the Financial Action Task Force (FATF) during a meeting held in Paris on June 19, 2026.

• This marks the first time an Indian official has assumed the role of Vice President of this prominent inter-governmental body.

• His appointment underscores India's growing engagement and influence in global efforts to combat financial crimes, money laundering, and terrorist financing. This achievement also signals India's strengthening position within forums dedicated to international financial governance.

• The tenure of the FATF Vice President is one year; Vivek Agrawal will hold this position from July 2026 to June 2027.

• During this period, he will succeed Giles Thomson and work closely with the FATF leadership to advance the organization's policies, action plans, and strategic decisions.

• The FATF holds immense significance within the global financial security framework, as it establishes international standards to address challenges such as money laundering and terrorist financing.

• Consequently, the appointment of an Indian official to its top leadership is regarded as a remarkable achievement for India.