New President of the Financial Action Task Force (FATF)
Unofficial translation from the Vietnamese original.
Mr T. Raja Kumar, a Singaporean of Indian origin, has been appointed President of the Financial Action Task Force (FATF), the international anti-money laundering and counter-terrorist financing body. The FATF announced on Twitter that Mr Raja Kumar will focus on strengthening the effectiveness of global measures to combat terrorist financing and money laundering, improving asset recovery and other initiatives. He has more than 35 years of leadership and operational experience in Singapore’s Ministry of Home Affairs and police force. He has built strong relationships with key partners such as the International Criminal Police Organization (Interpol) and the United Nations. Since July 2018, he has also been a member of the steering group advising the previous FATF President. Mr Raja Kumar succeeds Dr Marcus Pleyer as FATF President for a two-year term.
The FATF is an intergovernmental organisation established by the G7 countries in 1989 to combat money laundering, terrorism and the financing of the proliferation of weapons of mass destruction. The FATF also reviews and monitors its member countries to ensure the effective and full implementation of the FATF Recommendations.
Singapore has been a member of the FATF since 1992. Mr Raja has played an important role in directing Singapore’s efforts to combat money laundering and terrorist financing.
Translated by: Huy Hiep - Centre 81