Singapore’s top rated residence ministry adviser Raja Kumar is new president of FATF | World News

Singapore’s top rated residence ministry adviser Raja Kumar is new president of FATF | World News [ad_1]

T Raja Kumar, who commenced his two-yr time period as FATF president on Friday, was senior advisor on global plan in Singapore’s residence ministry

NEW DELHI: T Raja Kumar, who has far more than 35 yrs of management and operational practical experience in Singapore’s residence ministry and law enforcement power, on Friday commenced a two-yr time period as president of the Monetary Motion Process Power (FATF).

Kumar, who final served as senior advisor on global plan in Singapore’s residence ministry, succeeded Germany’s Marcus Pleyer. He previously served as deputy secretary (global) for the duration of 2015-2021 and served forge collaborative interactions with counterparts in the stability arena, which include strategic associates this sort of as Interpol and the UN.

He has also served as deputy commissioner of law enforcement for plan, director of the law enforcement intelligence division, and main government of the On line casino Regulatory Authority and set in spot a regulatory framework for new casinos in Singapore, which include for anti-funds laundering and countering the funding of terror.

Kumar, who has led Singapore’s delegation at FATF because 2015 and served as a FATF Steering Team member for the previous 4 yrs, has shown 4 priorities for his time period as president of the multilateral watchdog - strengthening asset restoration, countering illicit finance of cyber-enabled criminal offense, growing the success of world wide anti-funds laundering actions, and reinforcing FATF partnerships with FATF-design regional bodies (FSRBs).

A assertion of goals for Singapore’s presidency of FATF mentioned the target will be on maximizing the success of anti-funds laundering and counter-terror funding actions amid FATF customers and the broader world wide community, strengthening global initiatives to strengthen asset restoration, and discovering present-day funds laundering and terror funding pitfalls connected to cross-border cyber-enabled crimes, this sort of as on the net cons and phishing actions.

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