It also works to halt funding used for the development, transport, and sale of weapons of mass destruction. T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. (Photo: Facebook/Financial Action Task Force). 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. Since then, over 200 countries have agreed to follow its policies. Amit Shah meets FATF President T Rajakumar. This steering group is a group of advisors to the President of the FATF. Movie At the Financial Action Task Force (FATF) Plenary that ended on 4 March 2022, the Plenary officially selected Mr. T. Raja Kumar as its next President, to replace Dr. Marcus Pleyer. He is best known for his films Me Tulas Tujhya Angani (1960), Rangalya FATF is a global watchdog tasked with combatting money laundering and terrorist financing. 3. Singapore has often been hailed as the hub of money laundering from other South Asian countries. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be. ", Be among the first to know the Breaking news. Hence, this step was crucial for Singapores part in the FATF. New Delhi [India], November 18 (ANI): Union Home Minister Amit Shah on Friday met the President of the Financial Action Task Force (FATF), T Raja Kumar on Koh Swee Yen, SC 04 was made Senior Counsel earlier this year and was one of the youngest to make partner at a Name, email and comment will be stored in our database. Mediacorp Pte Ltd. All rights reserved. Indian origin T Raja Kumar takes over as President of FATF, worlds The FATF also reviews and supervises member jurisdictions to ensure that they fully and effectively apply the FATF standards, MHA, MOF, and MAS noted. Find out about volunteering with the Home Team Volunteer Network (HTVN). Explore all issues of PBNS Daily Magazine Read Here. The vice presidency works a little differently. Delegates from over 200 jurisdictions of FATF members determine the new president during the annual plenary meeting. Previously, Mr. Raja Kumar also served as Deputy Commissioner of Police (Policy), Director of the Police Intelligence Department, and Senior Deputy Director of the Commercial Affairs Department. She ), 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. Raja Thakur - Wikipedia T 4860. He has also been a member of the steering group, which provides advice to the FATF president, since July 2018. He writes and speaks This will be the first time that Singapore is taking on the Presidency of FATF, since becoming its member in 1992. Be a Guardian of Our Home Home. Upgraded but still having issues? T. Raja Kumar began a two-year term as President of the Financial Action Task Force (FATF) on 1 July 2022. Prior to 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. Rajas experience and leadership will enable him to effectively lead the FATFs mission in the years ahead. He went on to complete his postgraduate M.Phil degree from Cambridge University in Criminology and Law. Raja Kumar graduated from the National University of Singapore with a BA LLB degree. Singapore first joined the regulatory body in 1992. Raja Kumar holds an LLB (Hons.) 7.00 pm He succeeded Dr. Marcus Pleyer. Raj Kumar - UNA-NCA I read about global conflicts and the drug war in Mexico. Rajas appointment is the first time Singapore will lead the agency. The Financial Action Task Force plenary on Mar 4, 2022. 27 32 42 57 77 ? Trusted website. Insta / Tiktok Follow us on our Social Handles to stay Updated. T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog. T Raja Kumar Mr. Raja is a senior advisor at Singapores Ministry of Home Affairs and head of Singapores FATF delegation. Moreover, the common man has only heard his name for the first time. Indian origin T Raja Kumar has taken over as President of Financial Action Task Force (FATF), the.. The FATF made the announcement this week after finalizing its decision last Friday. Mr. Raja Kumar has rich leadership and operational experience, having held a wide range of senior leadership roles in the Ministry of Home Affairs in Singapore and the Singapore Police Force for over 35 years. WebRaja Thakur (19231975) was an Indian film director predominantly working in the Marathi film industry. The 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. While Kumars presidency may be recent at the FATF, he has been a member since 1992. Kumar has also assisted the Singapore Ministry of Home Affairs during his tenure at the SPF. Monetary Authority of Singapore, Ensuring Civil Defence and Emergency Preparedness, SGSecure: Strengthening the Community's Response, Civilian (Generalist) Careers - Home Affairs Senior Executives (HASE), Home Team Sponsorship Application Process, Home Team Boards, Councils and Committees. Published: 04 October 2017 1. Find out how the Home Team is keeping Singapore safe and secure. The agency doesnt have direct control to order changes, but it sets the de facto standard for Anti Money-Laundering (AML) procedures. Ministry of Home Affairs He is now the countrys delegate to the FATF, as well as a member of a steering committee that works directly with Pleyer. Kumar has replaced Marcus Pleyer who was holding the post till now, and will discharge his service for next two years. He has served as co-chairman of the National Interagency Committee on Anti-Money Laundering and Countering Financing of Terrorism since January 2015 and driven Singapores efforts to meet FATF Standards. Save my name, email, and website in this browser for the next time I comment. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. FATF President T. Raja Kumar - Financial Action Task Force Soon after taking over the charge, Kumar presented his objectives for the coming Plenary period (July 2022 -June 2024) to strength the FATF. SingaporesTRaja Kumar has been appointed as the president of theFinancial Action Task Force (FATF), the global money laundering and terrorism financing watchdog. .gov.sg websites (e.g. 20 60 180 540 ? Amit Shah meets FATF President T Rajakumar, urges Paris Mr. Raja Kumar is a passionate advocate for the FATF and firmly believes in FATFs mission and ability to make a global difference. I read about global conflicts and the drug war in Mexico. The best part is, you can read all about them right here on CelebsPride. The key domestic indices today witnessed gains in the afternoon trade. In this role, he was the incumbent in the position of Co-Chairman of the National Interagency Committee. One year after the Russian Federations illegal, unprovoked and He served in the Singapore Police Force (SPF) for more than 35 years. Beginning with Sundar Pichai and Satya Nadella, T. Raja Kumar is yet another example of Indian prowess in the global arena. New Delhi [India], November 18 (ANI): Union Home Minister Amit Shah on Friday met the President of the Financial Action Task Force (FATF), T Raja Kumar on the margins of the ongoing No Money For Terror Ministerial Conference in New Delhi and emphasised that there is a need for FATF to continuously monitor the tendencies of some The FATF is the global money laundering and terrorism financing watchdog. Amit Shah meets FATF President T Rajakumar, urges Paris-based The Financial Action Task Force (FATF) recently announced its new President. Upon becoming President, Raja Kumar quickly put forth his He wasselected to succeed Dr Marcus Pleyer of Germany during the FATF plenary, which ended on Friday. Uncategorized. How movement can help us release pent-up emotions, Death toll rises to eight in Russia's attack on Ukraine's Kramatorsk, Spider-Man: Across the Spider-Verse shines on screen, but struggles loom behind the scenes, JoSAA counselling 2023 registration ends today on josaa.nic.in, BPSC 69th notification for CCE and other exams out, apply from July 15, NIA raids houses of absconding suspects in murder of BJYM member Praveen Nettaru, Woman asks sister to roast brinjal, she does this. T. Raja Kumar Bio | Wiki Age, Profession, Personal Life Web"Shri T Raja Kumar, President of FATF lauded the initiative taken by India for hosting #NMFT conference and expressed willingness of FATF to work closely for working on AML/ CFT issues under India's G-20 priorities," the tweet added. WebMr. 1331 1000729 512 ? Required fields are marked *. Buy Prime Test Series for all Banking, SSC, Insurance & other exams, Your email address will not be published. Who is the current President of FATF? McqsPlanet Kumar is also the former deputy commissioner of police (Policy), director of the Police Intelligence Department, and senior deputy director of the Commercial Affairs Department. Since 1992, Singapore has been a member of the organisation. Amit Shah meets FATF President T Rajakumar, urges Paris-based FATF President T. Raja Kumar has called for countries to strengthen global asset recovery, to deprive criminals of their illicit profits. SINGAPORE:Singapore'sTRaja Kumar has been appointed as the president of theFinancial Action Task Force (FATF), the global money laundering and terrorism financing watchdog. So, who is T. Raja Kumar? 2. T Raja Kumar, a Singaporean, has been named president of the Financial Action Task Force (FATF), the world's anti-money laundering and anti-terrorism financing agency. Look for a Ministry of Finance New Delhi [India], November 18 (ANI): Union Home Minister Amit Shah on Friday met the President of the Financial Action Task Force (FATF), T Raja Kumar on the margins of the ongoing No Money For Terror Ministerial Conference in New Delhi and emphasised that there is a need for FATF to continuously monitor the tendencies of some 19 November, 2022 12:14 am IST. The term is three years, although the start date is the same as that of the presidency. 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. Indian-Origin Satellite Industry Expert Indian Economic Trade Organization appoi Mastercard CEO Michael Miebach Joins USI DBS Bank India appoints Rajat Verma as M SheAtWork founder Ruby Sinha appointed p Indian-Origin Satellite Industry Expert Aarti Holla-Maini Appointed as Director of UNOOSA, What is Uniform Civil Code in India? However, it determined that it no longer needed to monitor Zimbabwe, a country that has routinely been a target. Currently, he serves as the senior advisor (International) in the country's home affairs ministry. Required fields are marked *. T. Raja Kumarbegan a two-year term as President of the Financial Action Task Force (FATF) on 1 July 2022. Trending Copyright HT Digital Streams Ltd. All rights reserved. His appointment is for a set two-year term, which begins on July 1. 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. Watch, 'Ukraine's Victory Impossible': NATO Member Dashes Zelensky's Hopes; Admits To Russian Might, 12 killed after vehicle crashes into bridge, falls into river in MPs Datia, Gold, Silver prices in India: Check latest rates of your city on June 28. He has served as Co-chairman of the National Interagency Committee on Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) since January 2015 and driven Singapores efforts to meet FATF Standards. Online journalist based in New Delhi. 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. While speaking about the synergy between the G20 ACWG priorities and FATF mandate, Mr Sanjay Malhotra highlighted the need to strengthen international cooperation on economic crimes. Minister for Home Affairs and Law, Mr. K Shanmugam, said, Congratulations to Raja for being the first Singaporean to lead the FATF. Here are 5 things to know about Raja Kumar: 1. Politics 4. 2. Singapore has been a member of the FATF since 1992, and this will be the first time Singapore is taking on the Presidency. The World's Online Gaming Authority Since 1995, Chicago Mayor Rahm Emanuel Says Casinos, Marijuana Critical to Rescuing Distressed City, NBA Takes Equity Stake in Sportradar in Data Agreement, Pennsylvania Sports Betting Bill Seeks Bar and Restaurant Wagering Kiosks, AFC and NFC Championships: Many Offers for New York Gamblers, Finnish Teenager and Parents Convicted in 130,000 Online Casino Scam, Newport World Resorts Owner Seeks Control of Manila Airport, Submits $4.8B Bid, VEGAS MYTHS RE-BUSTED: Slot Machines Can Be Due, Canada Casino Trip Turns Fatal for 15 People, Las Vegas Health Department Closes Planet Hollywood Pools, Anti-Gay Chants End US-Mexico Soccer Match Early in Las Vegas, New York Gov. T Raja Kumar, who was once the chief executive of Singapores Casino Regulatory Authority (CRA), will succeed Pleyer. 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. Rishi Sunak Similarities with Ashish Nehra & Jim Sarbh, The Biggest Raid Ever! To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. But this promising leader is highly underrated. Raja Kumar succeeds Dr Marcus Pleyer as the chief of the FATF and will serve a two-year-term. Speaking at a joint FATF and @INTERPOL_HQ event in Until 2019, the term was only one year. T His appointment, which begins on Jul 1, is a for fixed two-year term. The presidency of T. Raja Kumar at the FATF is significant for two reasons. T Raja Kumar '85 Reflects on his Illustrious Career & New 3. He served as the pioneer Chief Executive of the Casino Regulatory Authority and put in place a robust regulatory framework for the new casinos in Singapore, including for anti-money laundering and countering the financing of terrorism (AML/CFT), benchmarked against top-tiered jurisdictions. Your email address will not be published. First Singapore Presidency of FATF - Senior Advisor (International) In his first meeting, Prime Minister Narendra Modi met with Dr. Andrew Forrest, Executive Chairman and Founder of Fortescue Metals Group and Fortescue Future Industries. What is the Regional SCO Summit? WebAnswer: [C] Singapore Notes: The Financial Action Task Force has appointed T Raja Kumar of Singapore as the next President for a fixed two-year term. (adsbygoogle = window.adsbygoogle || []).push({}); Get an online subscription and you can unlock any article you come across. 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. WebT Raja Kumar 85 was a leader in law enforcement in Singapore and now heads the Financial Action Task Force. Raja has a long history of contributing to the FATFs work. At the Financial Action Task Force (FATF) Plenary that ended on 4 March 2022, the Plenary officially selected Mr. T. Raja Kumar as its next President, to replace The FATF is also responsible for reviewing the jurisdictions of the G7 member countries. T Raja Kumar, a Singaporean, has been named president of the Financial Action Task Force (FATF), the worlds anti-money laundering and anti-terrorism financing agency. New Delhi [India], November 18 (ANI): Union Home Minister Amit Shah on Friday met the President of the Financial Action Task Force It is significant for Singapore as well as for India. His appointment is for a set two-year term, which begins on July 1. Raja has been the co-chairman of Singapores National Interagency Committee on Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) since 2015. Mr Raja serves as a senior advisor at MHAand has been serving as head of Singapores delegation to the FATF since Jan 1, 2015. degree from the National University of Singapore, and a Master of Philosophy (Criminology & Law) from Cambridge University. He has led Singapores delegation at the FATF since 2015 and is the co-lead for Singapores national Inter-Agency Committee on AML/CFT. Other details about his age and personal life have not been disclosed but will be updated here once available. Posted by Celebs Pride | Jul 2, 2022 | Politics | 0 |. He has also been a member of the Steering Group, that provides advice to the FATF President, since July 2018. 3. In less than four months, the former head of Singapores Casino Regulatory Authority will take control of the global financial watchdog. Your email address will not be published. Help keep Singapore safe and secure. Government agencies communicate via During the FATF plenary, he was chosen to succeed Dr Marcus Pleyer of Germany. FATF on Twitter: "FATF President T. Raja Kumar has called for The FATF is the global money laundering and terrorism financing watchdog. Speaking at a joint FATF and @INTERPOL_HQ event in Singapore, Mr. Raja Kumar 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. Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. information only on official, secure websites. FATF President T. Raja Kumar has called for countries to strengthen global asset recovery. He has led Singapores delegation at the FATF since 2015.". He was conferred the National Order of Merit by the Government of France in 2017, carrying the rank of Chevalier (Knight). 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. Kumar has been working against global terror financing for quite a long time. Just like Kumar, there are many other Indians who have made it big internationally. Kumar also attended the Advanced Management Program at Harvard University in 2006. He will assume office with effect from July 01, 2022. for a fixed period of two-year term. T. Raja Kumar of Singapore is the president of the FATF from 1 July 2022 to 30 June 2024. The FATF made the announcement this WebANI | Updated: Nov 18, 2022 23:31 IST. March 10, 2022 Singapores T Raja Kumar has been appointed as the president of the Financial Action Task Force (FATF), the global money laundering and terrorism financing watchdog. All the important updates based on current affairs are included in this Daily Current Affairs 2023 article.
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