Question
Download Solution PDFWho has taken over as President of Financial Action Task Force in July 2022?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is T Raja Kumar.
Key Points
- The global agency responsible for monitoring money laundering and terrorism financing is the Financial Action Task Force (FATF).
- It establishes worldwide norms with the intention of stopping these criminal activities and the damage they do to society.
- T Raja Kumar, a Singaporean of Indian descent, was named the new president of the Financial Action Task Force (FATF) on 1st July 2022.
- The FATF stated that the new president would prioritize increasing asset recovery, as well as the efficiency of international anti-money laundering and counter-terrorism funding measures.
- Earlier, he served as the Ministry's Deputy Secretary (International) from January 2015 to July 2021 and the Home Team Academy's Chief Executive from 2014 to 2018.
Additional Information
- Sanjiv Kapoor: CEO-designate, Jet Airways. Former President, Oberoi Hotels & Resorts; Former Chief Strategy and Commercial Officer, Vistara and Former COO, SpiceJet.
- Ashwani Bhatia: Whole Time Member, SEBI (Securities and Exchange Board of India).
- Mahesh Verma: Chairperson of NABH (National Accreditation Board for Hospitals and Healthcare Providers).
Last updated on Jul 21, 2025
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