India has secured the Vice-Presidency of the Financial Action Task Force (FATF) for the first time since becoming a full member in 2010. Vivek Aggarwal has been elected as the Vice President for a one-year tenure commencing in July 2026, succeeding Giles Thomson.
It is to be noted that the FATF is a 40-member intergovernmental body that establishes global standards to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction.