FATF

Financial Action Task Force

Economic

Committee Agenda

Re-evaluating the international standards for countering money laundering and hawala systems with emphasis on black and grey list countries.

Committee Overview

The Financial Action Task Force (FATF) serves as an intergovernmental body responsible for formulating policies that establish international standards to combat money laundering, terrorist financing, and various threats to the integrity of the global financial system. While the FATF lacks enforcement authority, its influence is extensive — the 'grey' and 'black' lists it maintains have a considerable effect on a nation's economic credibility and its ability to access international markets.

Resources

Executive Board

Rakshit Kappor

Rakshit Kappor

Chairperson

Rakshit Kapoor is a Graduate of the esteemed Sri Guru Nanak Dev Khalsa College, University of Delhi and is now a Post Grad student at the renowned University of Galway, Ireland, pursuing Msc. Global Environment Economics. He has a flair for diplomacy and has done more than 75+ Conferences around the globe in a short span of 3 years. He has not only represented his nation in the MUNing world but also in the world of Languages and Sports, wherein he represented India in Germany on a month long language scholarship in 2018 and won the Silver medal for India at the 4th India Open Taekwondo Championship in 2019. He is also the proprietor and President of Global Strategic Counsel, a firm that brings to life the vision : Transforming challenges into Opportunities, by assisting organisations conduct academic and co curricular competitions such as MUNs, sports events, quizzes, debates and such, in Hindi, English as well as German. He is also a Published Author, with his novella titled "The Story of Us" available across the globe on Kindle and Amazon E-Books.

Abhinav J

Abhinav J

Vice Chairperson

Abhinav is currently a 11th grade student at Oakridge gachibowli. He has participated in 25 Model UN conferences in Hyderabad and Bangalore in diverse roles such as delegate, secretariat member and as a part of the executive board. He has had keen interest in geo politics since the start of high school and considers it as the main reason for attending MUNs. Apart from debates and MUN's he spends his time gaming for countless hours or training for his next boxing match. He looks forward to a fruitful debate and a productive conference at OakMUN 2025.