Vivek Aggarwal becomes India's first FATF Vice-President, for July 2026–June 2027
On 19 June 2026, the Government announced that Vivek Aggarwal, Secretary, Ministry of Culture, has been elected and appointed Vice-President of the FATF for July 2026–June 2027, the first time India holds the post.
Summary
Vivek Aggarwal, a 1994-batch IAS officer of the Madhya Pradesh cadre and Secretary, Ministry of Culture, has been elected and appointed Vice-President of the Financial Action Task Force (FATF) for the term July 2026–June 2027, as announced on 19 June 2026. India will hold the FATF Vice-Presidency for the first time. The FATF Vice-President is elected by the FATF Plenary from among its members and assists the President, whose Presidency runs on a two-year term. The FATF is the Paris-based inter-governmental body that sets global standards to prevent money laundering, terrorist financing and the financing of proliferation, and its Global Network covers more than 200 jurisdictions.
Key facts
- Appointee
- Vivek Aggarwal, IAS 1994 (MP cadre), Secretary, Ministry of Culture
- Post
- FATF Vice-President, July 2026–June 2027
- First
- First time India holds the FATF Vice-Presidency
- Elected by
- FATF Plenary
- FATF HQ
- Paris
- Presidency term
- Two years
- Global Network
- More than 200 jurisdictions
Practice MCQs 4 questions
Who has been elected and appointed Vice-President of the FATF for July 2026–June 2027, the first Indian to hold the post?
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Correct answer: A — Vivek Aggarwal
Vivek Aggarwal, Secretary, Ministry of Culture, has been elected and appointed FATF Vice-President for July 2026–June 2027.
At the time of his appointment as FATF Vice-President in June 2026, Vivek Aggarwal was serving as Secretary of which Ministry?
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Correct answer: C — Ministry of Culture
The release describes him as Secretary to the Government of India, Ministry of Culture.
Which body elects the Vice-President of the Financial Action Task Force (FATF)?
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Correct answer: B — The FATF Plenary, from among its members
The FATF Vice-President is elected by the FATF Plenary from among its members and assists the President.
Consider the following statements about the Financial Action Task Force (FATF): 1. FATF is a Paris-based inter-governmental body that sets global standards to prevent money laundering, terrorist financing and the financing of proliferation. 2. The FATF Presidency runs on a two-year term. 3. The FATF Global Network covers fewer than 100 jurisdictions. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the FATF Global Network covers more than 200 jurisdictions.