Elisa de Anda Madrazo, a Mexican official, has been selected to serve as the president of the Financial Action Task Force (FATF). This marks a significant milestone as she becomes the first female to take up this role in more than two decades.
The FATF is the premier international body dedicated to preventing and tackling money laundering and other forms of financial crime. Its core responsibilities encompass defining standards that all countries, their authorities, financial institutions, and other relevant sectors are required to follow. Additionally, the FATF also assesses compliance with these established standards.
De Anda Madrazo is not a new face in the FATF. She has been representing Mexico in the organization since 2015 and has held various positions, including that of vice president. The ministries of Finance and Public Credit (SHCP) and Foreign Relations announced De Anda Madrazo’s appointment in a joint statement. Currently, De Anda Madrazo is serving as an official at the SHCP.
Providing more details about her professional journey, the federal agencies stated that De Anda Madrazo has also worked as the head of the Mexican delegation in the FATF, co-chair of the Global Network and Coordination Group, co-chair of the Malaysian Membership Contact Group, and a member of the steering group.
Rogelio Ramírez de la O, the head of the Treasury, nominated De Anda Madrazo for this role last November. The Financial Intelligence Unit (UIF) and the Ministry of Foreign Affairs, through the Mexican Agency for International Development Cooperation (Amexcid), supported her nomination, as mentioned in the statement.
The Treasury and the Foreign Ministry reiterated their commitment to relentlessly fight against corrupt practices, money laundering, financing of terrorism, and illicit financial flows for weapons of mass destruction and human trafficking.
ABM Congratulates De Anda Madrazo
The Association of Banks of Mexico (ABM) also extended its congratulations to Elisa de Anda Madrazo on her appointment as the president of the FATF. She is set to serve in this capacity from July 2024 to June 2026, representing Mexico.
