Indian origin T Raja Kumar takes over as President of FATF

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Indian-origin T Raja Kumar has taken over as the chairman of the Financial Action Task Force (FATF), the world's anti-terror financing agency.

  • He has over 35 years of experience in leadership and operations in Singapore's Ministry of Home Affairs and Police Forces.

  • Raja Kumar will replace Dr. Marcus Pleier as head of the FATF and will hold the position for two years.

  • Raja Kumar has played a major role in the field of security with strategic partners such as Interpol and the UN.

  • Since July 2018, he has also been a member of the Steering Group, which advises the FATF President.

  • Since 1992, Singapore has been a member of the FATF.

  • Raja has been instrumental in directing Singapore's efforts to combat money laundering and the financing of terrorism.

  • Financial Action Task Force (FATF)

  • It was formed in the year 1989 at the meeting of G-7 countries held in Paris.

  • It works to generate the necessary political will to bring about legislative and regulatory reforms in the world on issues like money laundering, terror funding.

  • Headquarters - Located in the headquarters of the Organization for the Development of Economic Co-operation (OECD) in Paris.

  • Member Countries - 39 member countries including India and 2 regional organizations (European Commission and Gulf Cooperation Council).

  • India became a member of FATF in the year 2010.

  • Its sessions are held three times a year.

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