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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