Vice President of Financial Action Task Force Vivek Aggarwal today highlighted the important role of regulatory bodies in strengthening collective efforts to combat illicit finance.

He said this during a meeting with Executive Directors of the International Financial Services Centres Authority Dipesh Shah and K. Mahipal Reddy held in New Delhi.

The discussions also focused on key regulatory and supervisory initiatives, emerging risks, and measures to strengthen compliance and effectiveness in combating money laundering and terrorist financing.