Elisa de Anda Madrazo – FATF Presidency

July 9, 2024

On July 1, 2024, Elisa de Anda Madrazo of Mexico took over as head of the Financial Action Task Force (FATF). The appointment, which is good until June 2026, is a big change in the way this important global financial watchdog is run. During her presidency, she plans to make it easier for people around the world to fight financial crimes and terrorist funding.

Inclusive, Transparent Leadership

Advocating for openness, variety, and inclusion in FATF’s work is at the heart of Madrazo’s leadership style. These ideas are very important for changing governance strategies, making new rules, and getting stakeholders more involved. Her agenda shows how important it is to include different points of view from around the world so that there is a more comprehensive reaction to financial crimes around the world.

Proportionality and Risk-Based Implementation

One of Madrazo’s main goals as president is to push for the risk-based application of FATF Standards, with the concept of proportionality at the center. This approach is very important for increasing financial inclusion because it helps solve problems caused by people not having easy access to formal financial services. The FATF wants to use this way to not only fight financial crimes but also make financial services available to a wider range of people.

Enhanced Collaboration and Transparency

As long as Madrazo is president, all of FATF’s members, associate members, and partners are strongly committed to making the organization more open. This plan is meant to create a unified front against global financial crimes by combining efforts and letting institutions and countries share strategic insights.

Addressing Terrorism and Proliferation Financing Risks

Madrazo wants to do more study and raise awareness about the ways and trends that terrorists and other dangerous groups are funding and spreading their ideas. The goal is to come up with better ways to stop problems before they happen and fight them, which will make FATF better at getting rid of these threats to global security and financial systems.

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