FATF is an inter-governmental institution responsible for the fight against money laundering and the financing of terrorism at an international level. With its headquarters in Paris, it is comprised of 34 States representing the largest financial centres around the world. With the election of Juan Manuel Vega as the new president, Spain's efforts during the latest legislature to step up measures to combat money laundering and the financing of terrorism are explicitly acknowledged, as set out in the mutual assessment report on Spain presented in December last year by the FATF.
The next President of the FATF has been the Director-General of Sepblac since 2013. Previously he had worked as the Assistant Director for Inspection and Control of Movements of Capital and as the Secretary of the Commission for the Prevention of Money Laundering and White Collar Crime at the Directorate-General of the Treasury and Financial Policy since 2001. He holds a Doctorate in Law and is a member of the Higher Body for State Civil Administrators.
Sepblac is the Spanish Financial Intelligence Unit and the Supervisory Authority for the prevention of money laundering and financing of terrorism. It is an inter-agency body with public servants posted from the Ministry of Economic Affairs, the Bank of Spain, the Tax Agency, the police and the Guardia Civil. Sepblac acts under the authority of the Commission for the Prevention of Money Laundering and White Collar Crime, chaired by the State Secretary for Economic Affairs.
Ministerio de Economía y Competitividad