NEW DELHI – India on Sunday congratulated China for being elected VicePresident of the Financial Action Task Force (FATF), an inter-governmentalbody to combat money laundering and terror financing among other financialcrimes, expressing the hope that it will uphold its objectives.

“Congratulations to China on its election as Vice President of FinancialAction Task Force at the FATF plenary meeting on February 23,” ExternalAffairs Ministry spokesperson Raveesh Kumar tweeted.

“We remain hopeful that China would uphold and support the objectives andstandards of FATF in a balanced, objective, impartial and holistic way,” hesaid.

China’s election to the FATF assumes significance as Pakistan may be put inthe watchdog’s grey list, which puts countries under the scanner for notimplementing the body’s objectives, in June this year.