Xiangmin Liu of the People's Republic of China assumed the position of President of the FATF on 1 July 2019. He succeeded Marshall Billingslea of the United States.

Mr. Liu currently serves as Director-General of the Legal Department at the People’s Bank of China, China’s central bank. In this role, he is responsible for developing many of China’s key financial sector laws, regulations and policies. Previously, Mr. Liu served as Director-General of the Anti-money Laundering Bureau, responsible for developing and implementing China’s AML/CFT policies and regulations. He has served as head of the Chinese delegation to the FATF. Prior to joining the central bank, Mr. Liu practiced law at a prominent international law firm in New York and worked for China’s social security fund. He has extensive experience at the intersection of law and financial markets. Previously, he was also a Fellow at Harvard’s Kennedy School of Government, with a research focus on financial and structural reforms.

Mr. Liu received a Juris Doctor from Yale Law School, where he was Olin Fellow for Law, Economics and Public Policy. He holds an economics degree from Peking University and pursued a Ph.D. in political economy at Yale.