The FATF President is a senior official appointed by the FATF Plenary from among its members for a term of one year. The term of the President begins on 1 July and ends on 30 June of the following year. The President convenes and chairs the meetings of the FATF Plenary and the Steering Group, and he/she oversees the FATF Secretariat.
|Je-Yoon Shin (Korea)FATF President 2015-2016|
Mr. Je-Yoon Shin from Korea assumed the position of President of FATF on 1 July 2015. He succeeded Mr. Roger Wilkins OA of Australia.
Mr. Shin was Chairman of the Financial Services Commission (FSC) of Korea, a position he has held from March 2013 to March 2015. Prior to assuming the chairmanship, he was First Vice Minister of the Ministry of Strategy and Finance (MoSF). He has been with the government since 1982, holding a variety of senior positions, including Vice Chairman of the FSC in 2011 and Deputy Minister of the MoSF from 2008 to 2011. In 2010, he chaired the G20 Finance Deputies’ Meeting, where important global issues such as financial safety nets, IMF reforms and global imbalances were addressed. In 2008, he made great contributions to shielding Korea from the global financial crisis by establishing currency swap arrangements with the U.S., Japan and China.
Mr. Shin also held key posts within the Ministry of Finance and Economy (the former body of the MoSF), including Director General of the International Finance Bureau. He was in charge of monitoring and managing exchange rates, advancing domestic foreign exchange systems, and ensuring stability in financial markets in the aftermath of the sub-prime mortgage crisis. From September 2002 to 2004, he served as Director of the Financial Policy Division, where he headed the Task Force Team for restructuring LG Card. In addition, he led efforts to establish the Korea Housing Finance Corporation and introduced long-term mortgage loans in Korea.
From January 2001 to September 2002, Mr. Shin served as Director of the International Financial Policy Division. His hard work and dedication has led major credit rating agencies -Moody’s, S&P and Fitch- to restore Korea’s ratings to pre-crisis levels. Between October 1999 and December 2011, the days following the Asian financial crisis, Mr. Shin served as Deputy Secretary to the President for Financial Affairs, contributing greatly to Korea’s efforts in overcoming the crisis.
Mr. Shin was born on March 25, 1958 and graduated from Seoul National University in 1981 with a degree in Economics. He passed the Higher Civil Service Examination with the highest score in 1981. He also studied economics at the graduate school of Cornell University. Mr. Shin is married with two daughters and resides in Gwacheon, Korea.
The FATF Vice-President, who is also the FATF President-designate, is appointed by the Plenary from among its members for a term of one year preceding his/her presidential term. The Vice-President assists the President in carrying out his/her responsibilities and stands in for the President when necessary.
|Juan Manuel Vega Serrano (Spain)FATF Vice-President 2015-2016|
Juan Manuel Vega Serrano is the Director and CEO of SEPBLAC, Spain's Financial Intelligence Unit and AML/CFT Supervisory Authority.
Mr. Vega joined the senior civil service in 1992. In 2001 he became Assistant Deputy Director General of the Treasury and began attending FATF meetings. In 2005, he was appointed Secretary of the Commission for the Prevention of Money Laundering, from which he promoted a comprehensive revision of Spain's AML/CFT legal framework.
Mr. Vega holds a Doctorate of Laws (PhD) and a Diploma of Advanced Studies in Economics. He has published several books and articles on financial regulation.