Raja Kumar is FATF's first Singaporean president

For the first time Singapore is taking on the Financial Action Task Force (FATF) presidency following the appointment of T. Raja Kumar as its next president. Kumar's presidency takes effect from July 1, 2022. He will be taking over from Marcus Pleyer for a fixed two-year term. Raja is senior advisor (international) at the Ministry of Home Affairs (MHA) and the current head of Singapore's delegation to the FATF. The FATF is the global money laundering and terrorism financing watchdog, and is an inter-governmental body established by the G7 in 1989 to set international standards to prevent and combat money laundering, terrorism, and proliferation financing. Singapore has been a member of the FATF since 1992. The MHA, the Ministry of Finance, and the Monetary Authority of Singapore noted that Raja has been active in leading Singapore's efforts against money laundering and terrorism financing.