What does it do, how does it work?
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The FATF has several working groups that focus on specific areas of work with the FATF Mandate. The FATF’s decision-making body is the FATF Plenary, which meets three times a per year.
The FATF’s makes its decisions by consensus. The Presidency and Vice-Presidency positions are held by senior representatives from one of the FATF members. The positions rotate on a yearly basis, the Vice-President will hold the Presidency the following year.
The FATF Secretariat was created in 1992. It is located at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris, but remains independent from the OECD.
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