Giles Thomson of the United Kingdom has been appointed as the President of the Financial Action Task Force (FATF) for a 2-year term starting in July 2026. He succeeds Elisa de Anda Madrazo of Mexico.
The Alliance of Reporting Entities in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) (ARIFAC) has been launched as a national industry platform. It aims to strengthen the AML and CFT framework of India by establishing a unified defense against financial crimes.
This private-sector initiative operates under the guidance of the Financial Intelligence Unit–India (FIU-IND), which acts as an official observer. The day-to-day operations of the platform are managed by the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).
India has secured the Vice-Presidency of the Financial Action Task Force (FATF) for the first time since becoming a full member in 2010. Vivek Aggarwal has been elected as the Vice President for a one-year tenure commencing in July 2026, succeeding Giles Thomson.
It is to be noted that the FATF is a 40-member intergovernmental body that establishes global standards to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction.
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"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
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"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
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"The memorising technique in the Scoreclever automatically stores the news in my mind and it saves time."
"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
"Best app to learn current affairs in an effective way. I usually forgot current affairs easily and now I can easily remember everything."
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"Just wow. Haven't seen anyone explaining editorials like this. Crystal clear explanations with word by word. Thanks so much."
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