T Raja Kumar: What Will the New FATF President Prioritize? Rajas capabilities, international experience, and work as a senior public sector leader, operating in a multi-ethnic and multi-cultural environment across a range of disciplines, will come in useful to lead an international organisation such as the FATF. Who is T Raja Kumar, the new chief of global terror financing Trusted website. Mr Raja serves as a senior advisor at MHAand has been serving as head of Singapores delegation to the FATF since Jan 1, 2015. The FATF also evaluates and monitors member jurisdictions to ensure they implement the FATF standards fully and effectively, MHA, MOF and MAS said. The FATF is the global money laundering and terrorism financing watchdog. SingaporesTRaja Kumar has been appointed as the president of theFinancial Action Task Force (FATF), the global money laundering and terrorism financing watchdog. Koh Swee Yen, SC 04 was made Senior Counsel earlier this year and was one of the youngest to make partner at a Welcome to the Current Affairs Section of Adda247. Marcus Pleyer was chosen to lead the FATF in July 2020. Yoshihiro Akiyama Age, Career, Net Worth, Girlfriend Bio | Wiki, Daulat Desai Age, Income, Personal Life Bio | Wiki. WebANI | Updated: Nov 18, 2022 23:31 IST. Raja has been the co-chairman of Singapores National Interagency Committee on Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) since 2015. T. Raja Kumar, who is a citizen of Singapore but of Indian origin is this new President of the FATF. The Financial Action Task Force plenary on Mar 4, 2022. He will keep his position until July 1, 2022. Get an online subscription and you can unlock any article you come across, getting instant emails when our site updates, too. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. He served as the pioneer chief executive of the Casino Regulatory Authority and put in place a robust regulatory framework for new casinos in Singapore, including anti-money laundering and countering the financing of terrorism (AML/CFT), benchmarked against top-tiered jurisdictions. Since July 2020, Marcus Pleyer has been the president of the FATF. He will assume office with effect from July 01, 2022. for a fixed period of two-year term. He wasselected to succeed Dr Marcus Pleyer of Germany during the FATF plenary, which ended on Friday. "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. The Hindu added that, he was deputy secretary (International) at the ministry from January 2015 to July 2021 and was concurrently the chief executive of the Home Team Academy between 2014 to 2018. T. Raja Kumarbegan a two-year term as President of the Financial Action Task Force (FATF) on 1 July 2022. 2. Addressing the second Chintan Shibir held at Munnar in Kerala which concluded last evening, Mr International Pineapple Day is being observed today. WebThe Financial Action Task Force (FATF) on Friday announced that Singaporean T Raja Kumar had taken over as the president of the anti-money laundering watchdog. Raja Thakur - Wikipedia T Before this, he was deputy secretary (International) at the ministry from January 2015 to July 2021 and was concurrently the chief executive of the Home Team Academy between 2014 to 2018. He attended the Advanced Management Program at Harvard University in 2006. Since 1992, Singapore has been a member of the organisation. The FATF picks a new leader every two years. Ministry of Home Affairs FATF President T. Raja Kumar - Financial Action Task Force T. Raja Kumar, who is a citizen of Singapore but of Indian origin is this new President of the FATF. I look forward to Raja, as President, bringing together law enforcement authorities, financial sector and other AML/CFT supervisors, as well as private sector stakeholders to achieve effective outcomes. Posted by Celebs Pride | Jul 2, 2022 | Politics | 0 |. 5. information only on official, secure websites. Rishi Sunak Similarities with Ashish Nehra & Jim Sarbh, The Biggest Raid Ever! This steering group is a group of advisors to the President of the FATF. Briefing media about the visit yesterday, Foreign Secretary Vinay Mohan Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal has announced that the Centre will provide 30 percent financial support for promotion of Green Shipping. Since then, over 200 countries have agreed to follow its policies. Your email address will not be published. First Singapore Presidency of FATF - Senior Advisor (International) Beginning with Sundar Pichai and Satya Nadella, T. Raja Kumar is yet another example of Indian prowess in the global arena. Mr. Kumar succeeded Dr. Marcus Pleyer of Germany. Its time for someone new to come in, and someone with ties to the casino industry is taking over. Explore all issues of PBNS Daily Magazine Read Here. Since January 2015, he has led Singapores efforts to satisfy FATF Standards as co-chairman of the. The term of the President begins on 1 July and ends on 30 June two years after assuming office. Raja Kumar forged a stronger collaborative relationshipwith key counterparts in the safety and security arena, including with strategic partners such as INTERPOL and the UN. Mr David Chew, Director, Commercial Affairs Department, Singapore Police Force (SPF) Ms Loo Siew Yee, Assistant Managing Director, Policy, Monetary Authority of Singapore (MAS) Moderated by Ms Hue Dang, Global Head of New Ventures, ACAMS & Co-Treasurer, Singapore Chapter. He served in the Singapore Police Force (SPF) for more than 35 years. Find out how the Home Team is keeping Singapore safe and secure. T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog. WebMr. Union Home Minister Amit Sahh and FATF President T Raja Kumar. 4860. He will hold a bilateral meeting with Australian Prime Minister Anthony Albanese today. T Singapore has often been hailed as the hub of money laundering from other South Asian countries. Mr T. Raja Kumar, Deputy Secretary (International), Ministry of Home Affairs (MHA) was conferred the French National Order of Merit (Knight) Award. Singapore's T Raja Kumar appointed president of global T Raja Kumar Hence, this step was crucial for Singapores part in the FATF. It is here that Raja Kumar began developing important connections. T Raja Kumar '85 Reflects on his Illustrious Career & New Share sensitive Just like Kumar, there are many other Indians who have made it big internationally. His appointment is for a set two-year term, which begins on July 1. As Deputy Secretary (International), Mr. Raja Kumar forged stronger collaborative relationships with key counterparts in the safety and security arena, including with strategic partners such as INTERPOL and the UN. This will be the first time that Singapore is taking on the Presidency of FATF, since becoming its member in 1992. 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Find out about volunteering with the Home Team Volunteer Network (HTVN). ), First Published: Jul 02 2022 | 2:23 PM IST, PM holds Covid meeting amid renewed concerns, says 'pandemic far from over', Serum Institute tops profit charts among unlisted firms amid Covid war, Personal finance 101 from an industry veteran, Introduce personal finance lessons in college: BJP MP in Parliament, Meta now allows Quest users to tap, swipe in VR without controllers, Meta to acquire VR startup 'Within' after favourable court ruling, Himanta Biswa Sarma launches Mission Lifestyle for Environment in Assam, Serious failure of Jharkhand to prevent environmental lawlessness, says NGT. The global financial watchdog that monitors anti-money-laundering (AML) measures around the world choose a new leader every two years. go.gov.sg/open). Restricted access for FATF delegates only, Terms & conditions | Privacy Policy |Sitemap, Asia/Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), Financial Action Task Force of Latin America (GAFILAT), Inter Governmental Action Group against Money Laundering in West Africa (GIABA), Middle East and North Africa Financial Action Task Force (MENAFATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL), High-Risk Jurisdictions subject to a Call for Action - June 2023, Jurisdictions under Increased Monitoring - 23 June 2023, FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation, Revision of R25 and its Interpretive Note Public Consultation, Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, High-risk and other monitored jurisdictions, FATF Objectives during the Singapore Presidency. Recently, the FATF highlighted problems in the Philippines and several other countries. He has rarely appeared in international news. T. Raja Kumar of Singapore is the president of the FATF from 1 July 2022 to 30 June 2024. Minister for Finance, Mr. Lawrence Wong, said Singapore strongly supports the outstanding work of the FATF in establishing and implementing global standards to combat money laundering and terrorism financing. Paris, 23 June 2023- The third Plenary of the FATF under the Presidency of T. Raja Kumar of Singapore concluded today. During the FATF plenary, he was chosen to succeed Dr Marcus Pleyer of Germany. Buy Prime Test Series for all Banking, SSC, Insurance & other exams, Your email address will not be published. Speaking at a joint FATF and @INTERPOL_HQ event in Singapore, Mr. Raja Kumar This service is not intended for persons residing in the E.U. Mr Rajas appointment marks the first time Singapore is taking on the organisations presidency, the Ministry of Home Affairs (MHA), the Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) said in a joint press release on Monday (Mar 7). Kumar has been working against global terror financing for quite a long time. on T Raja Kumar named President of the Financial Action Task Force, NMDC receives 1st prize in Ispat Rajbhasha Award for 2018-19 and 2020-21, Freedom of the World 2022 report: India ranked partly free. 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