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NEWS: FATF grows its budget by €1M to €12.9M last year – most accounted for in staff costs, says annual report

COSTS: The FATF Plenary took place in Berlin last June. The organisation's annual report shows most of its budget is spent on wages for the 71 members of the Secretariat.

THE FATF annual report gives an insight into how the Paris-based organisaton spends its almost €13M budget. The agency says its has 71 staff members at the FATF Secretariat, includingpermanent staff and secondees. Last year salaries accounted for €9.35M of the budget – up almost €1M on the previous year. The report does not give…

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