FSC Chairman Shin Je-Yoon will depart for Paris to attend FATF Plenary Meeting from October 18 to 25. As Korea assumed the presidency in February, Chairman Shin will be appointed president from July, 2015. He has been serving as vice-president from July.
The FATF hosts annual plenary meeting with 36 standing member countries, 8 regional anti-money laundering bodies, and 24 international organizations including the IMF. Chairman Shin will start his duties as FATF vice president by attending all meetings including steering committee meeting on the 19th, working group session on the 20th and 21th, and plenary meeting from October 22 to 24.
Korea’s great responsibilities in the FATF reflect Korea’s high international status as a rule setter in the fields of anti-money laundering and counter terrorist financing.