Indian origin T Raja Kumar has taken over as President of Financial Action Task Force (FATF), the world’s anti-terrorism financing agency. FATF tweeted that Raja Kumar will focus on enhancing the effectiveness of global anti-money laundering and counter-terrorist financing measures, improving asset recovery and other initiatives.
He has more than 35 years of leadership and operational experience in Singapore’s home ministry and police force. Raja Kumar succeeds Dr Marcus Pleyer as the chief of the FATF and will serve a two-year-term. FATF is a global watchdog tasked with combatting money laundering and terrorist financing.
Raja Kumar forged a stronger collaborative relationship with key counterparts in the safety and security arena, including with strategic partners such as INTERPOL and the UN.
The Financial Action Task Force is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing.
- Headquarters: Paris, France
- President: Marcus Pleyer
- Founded: 1989
- Founder: Group of Seven
- Purpose: Combat money laundering and terrorism financing
- Official language: English, French