FATF

Timeline

1. 3 Sep2026
   Reports and indices

   FATF report flags underground banking and digital hawala¹²³⁴

   The FATF's 3 September report on professional money laundering found more than 80% of responding jurisdictions name hawala-type providers among key channels, with about 70% flagging a shift to digital hawala. India's Vivek Aggarwal is FATF Vice-President.

   • Released 3 September 2026
   • Nearly 90% of responding jurisdictions report underground banking or HOSSPs
   • Giles Thomson (UK) FATF President from 1 July 2026 to June 2028
   • Vivek Aggarwal (India) Vice-President July 2026 to June 2027
2. 19 Jun2026
   Appointments

   India to hold FATF Vice-Presidency for the first time: Vivek Aggarwal elected⁵⁶

   India was accorded the Vice-Presidency of the Financial Action Task Force for the first time on 19 June 2026, with Union Culture Secretary Vivek Aggarwal elected at the end of the FATF plenary in Paris.

   • India was appointed to the FATF Vice-Presidency for the first time on Friday 19 June 2026
   • Union Culture Secretary Vivek Aggarwal was elected Vice President at the conclusion of the plenary at FATF headquarters in Paris
   • He succeeds UK national Giles Thomson, who has held the post since 1 July 2025

Exercise.Quizzes on FATF and every other topic arrive on Telegram six times a day, and what you get wrong comes back.

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Sources

1. FATF
2. ThePrint
3. AML Intelligence
4. Deccan Herald
5. Deccan Herald
6. ETV Bharat