FATF Presidency

FATF President



The FATF President is a senior official appointed by the FATF Plenary from among its members for a term of one year (see also FATF Presidencies since 1989).

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. 

Mr. Marshall Billingslea of the United States assumed the position of President of the FATF on 1 July 2018. He succeeded Mr. Santiago Otamendi of Argentina.

Mr. Billingslea serves as the US Department of the Treasury’s Assistant Secretary heading the Office of Terrorist Financing and Financial Crimes. In this role he is responsible for policy development and international engagement pertaining to anti-money laundering and countering the financing of terrorism.

Previously, Mr. Billingslea served as a Managing Director at Deloitte, responsible for its Federal Business Intelligence Services group, where he provided due diligence services for a wide range of Federal clients and Fortune 500 companies. He specialized in investigating beneficial ownership structures, and advising businesses on the legal and regulatory risks associated with third party transactions.

In addition to the Treasury Department, Mr. Billingslea has more than a decade of service in a number of positions within the Federal Government, including as the Deputy Under Secretary of the Navy; NATO Assistant Secretary General for Defense Investment; Principal Deputy Assistant Secretary of Defense for Special Operations and Low Intensity Conflict; and Deputy Assistant Secretary of Defense for Negotiations Policy. He also served as Senior Professional Staff Member for National Security Affairs on the Senate Committee on Foreign Relations.

Mr. Billingslea holds a Bachelor of Arts degree from Dartmouth College and a Master of Arts in Law and Diplomacy from the Fletcher School of Tufts University. He has been decorated with the Cross of Terra Mariana by the President of Estonia; the Knight’s Cross by the President of Poland; and the Cross of the Order of Merit of the Czech Republic. He has been awarded the Defense Medal for Distinguished Public Service by the US Secretary of Defense, and by the US Secretary of the Navy with the Distinguished Public Service medal.



Marshall Billingslea (United States) 
FATF President 2018-2019

see also FATF Presidents since 1989

FATF Vice-President

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.

Xiangmin Liu of the People's Republic of China assumed the position of Vice-President of the FATF. 

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.


Xiangming Liu (People's Republic of China)
FATF Vice President 2018-2019