Elisa de Anda Madrazo Assumes FATF Presidency for 2024-2026
Elisa de Anda Madrazo of Mexico has assumed the presidency of the Financial Action Task Force (FATF) for a two-year term from July 2024 to June 2026. This transition marks a significant moment for the global financial watchdog, as Madrazo brings a fresh perspective aimed at strengthening efforts to combat financial crimes and terrorism financing.
Madrazo’s presidency is rooted in a strong commitment to inclusiveness, diversity, and transparency. These principles will guide the FATF’s work on governance, standards, and stakeholder engagement, reflecting a dedication to representing the global community’s diverse perspectives and realities.
A primary focus will be promoting the risk-based implementation of FATF Standards under the principle of proportionality. This approach is crucial for advancing financial inclusion, addressing the risks associated with limited access to formal financial services.
Madrazo aims to ensure a successful start to the new round of FATF Assessments. This cycle is designed to be:
The presidency will work on fostering transparency and inclusiveness among FATF members, associate members, and partners. This effort aims to create a more unified front against global financial crimes.
Special attention will be given to supporting the effective implementation of revised FATF Standards, particularly in areas such as:
Continued efforts will be made to increase and update the understanding of terrorist financing and proliferation risks, with the goal of developing more effective prevention and combat strategies.
Madrazo’s presidency emphasizes enhancing FATF’s communication with stakeholders and working collaboratively with all members, associate members, and partners. This approach aims to reflect the diverse perspectives within the global community and strengthen the organization’s impact.
The FATF Global Network has endorsed and welcomed these priorities at the June 2024 Plenary, signaling strong support for Madrazo’s vision and leadership.
This comprehensive approach under Madrazo’s presidency aims to adapt the FATF to evolving financial landscapes while maintaining its core mission of preventing financial crimes and promoting global financial integrity.
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