On 1 November, Mr David Lewis succeeded Mr Rick McDonell as the Executive Secretary of the FATF.
Mr Lewis takes over at an important time for the FATF as it continues to face the rapidly changing threats from money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction, including efforts to tackle groups such as ISIL and Boko Haram, and the use of new technologies by both criminals and terrorists. Fighting these threats is a global effort that requires the involvement of the FATF global network of FATF and FATF-Style Regional Bodies (FSRBs), and their members. Mr. Lewis will oversee the continued evaluation of the 34 FATF member countries, and will work closely with the other assessing bodies of the FATF global network, the eight FSRBs and the International Monetary Fund and the World Bank. He will develop closer ties with other international bodies including the G20, United Nations and the Egmont Group, as well as civil society and the private sector.
Mr McDonell became FATF Executive Secretary in 2007. During his term he oversaw the revision and strengthening of the FATF Recommendations, the development of a new standard country assessment Methodology which concentrates on the effective implementation of the standards and led the first set of evaluations under the new process. The assessment follow-up process has also been strengthened particularly in relation to international cooperation and terrorist financing in order to ensure that countries which fail to implement the standards are held to account. Under his leadership the FATF Global Network expanded to eight FATF-Style Regional Bodies (FSRBs) all of which have reinforced their engagement with the FATF particularly in assessing implementation of the Recommendations, and a global coordination mechanism has been established which now numbers 194 jurisdictions.
Mr Lewis has extensive experience in the field. He joins following several years as a senior policy advisor for the UK Government on money laundering and terrorist financing, where he led action in the UK and internationally. This included recent initiatives by the G8 and G20 to prevent the use of company ownership and control by criminals, terrorists and rogue states.
Rick McDonell, FATF Executive Secretary
David Lewis, incoming FATF Executive Secretary