23 hrs ago
Sitharaman Meets FATF President Thompson During G20 Finance Meeting
India’s Finance Minister Nirmala Sitharaman met Giles Thompson, the president of the Financial Action Task Force.
They met during a larger G20 finance meeting.
The meeting took place in Asheville, North Carolina.
India’s Finance Ministry called it a short “brush-by” meeting.
The FATF works with countries to fight money laundering and terrorist financing.
India wants the FATF to examine allegations involving Pakistan.
Pakistan was removed from the FATF Grey List in October 2022 after carrying out requested reforms.
FATF monitoring can make it harder for countries to access money from global financial institutions.
Finance Minister Nirmala Sitharaman met FATF President Giles Thompson in Asheville, North Carolina.
The meeting occurred on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting.
The Finance Ministry described it as a brief “brush-by” meeting held on Monday.
Vivek Agarwal, Secretary in the Ministry of Culture, was recently appointed FATF vice-president.
India is seeking FATF accountability for Pakistan over alleged non-state actors and terror-related financial activity.
- Who
- Finance Minister Nirmala Sitharaman and Financial Action Task Force President Giles Thompson.
- What
- They held a brief meeting on the sidelines of a G20 finance ministers and central bank governors meeting.
- Where
- Asheville, North Carolina, United States.
- When
- Monday; the report is datelined September 1, but it does not specify a year.
- Why
- The Finance Ministry did not state the specific purpose of the meeting; the report says India is keen to seek FATF accountability concerning allegations involving Pakistan.
Key facts
- Meeting participants
- Nirmala Sitharaman and Giles Thompson
- Event
- G20 Finance Ministers and Central Bank Governors Meeting
- Location
- Asheville, North Carolina
- Meeting description
- A brief “brush-by” meeting, according to India’s Finance Ministry
- FATF role
- Global watchdog for anti-money laundering and counter-terrorist financing
- FATF vice-president
- Vivek Agarwal, Secretary in India’s Ministry of Culture
- Pakistan’s FATF status
- Removed from the Grey List in October 2022 after implementing a 34-point action plan
Sources
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