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T.Raja Kumar takes over as FATF chief
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IANS | 02 Jul, 2022
T. Raja Kumar of Singapore has been appointed as the president of
Financial Action Task Force (FATF), the anti-money laundering watchdog.
Kumar has replaced Marcus Pleyer who was holding the post till now, and will discharge his service for next two years.
"Raja
Kumar starts as FATF President today. He will focus on enhancing the
effectiveness of global anti-money laundering & counter-terrorist
financing measures, improving asset recovery and other initiatives,"
FATF tweeted while making the announcement on Friday.
Kumar has been working against global terror financing for quite a long time.
Soon
after taking over the charge, Kumar presented his objectives for the
coming Plenary period (July 2022 -June 2024) to strength the FATF.
"During
the Singapore Plenary years, the FATF will prioritise work in
strengthening Asset Recovery, countering Illicit Finance of
cyber-enabled crime, increasing Effectiveness of Global AML Measures,
Reinforcing FATF Partnerships with FSRBs. During the Singapore
Presidency, the FATF will continue its core work of identifying and
analysing money laundering and terrorist financing methods and trends,
developing and refining the FATF Standards, and evaluating and
supporting the assessments of countries within the Global Network,"
Kumar said.
Raja Kumar holds an LLB (Hons) degree from the
National University of Singapore and a Master's degree in Philosophy
(Criminology and Law) from the University of Cambridge. Kumar also
attended the Advanced Management Program at Harvard University in 2006.
Kumar had been assisting the Ministry of Home Affairs, Singapore and the Singapore Police Force for over 35 years.
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