Photo credit: Ahmed Rabea, “World Trade Center, Bahrain,” CC BY-SA 2.0.
Middle East and North Africa Financial Action Task Force
Abbreviation
MENAFATF
Summary
The Middle East and North Africa Financial Action Task Force (MENAFATF) is a FATF-style regional body (FSRB) for countries in the Middle East and North Africa. Through the organization, members work to adopt and implement the FATF recommendations as well as anti-terrorism treaties and UN Security Council resolutions. Members seek to identify region-specific issues concerning money laundering and terrorist financing, as well as to share experiences. Through MENAFATF, members attempt to take anti-terrorism-financing measures in a way that does not run contrary to those countries’ cultural values, constitutional frameworks, and legal systems.
Members
The members include Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syrian Arab Republic, Tunisia, United Arab Emirates, and Yemen.
Observers
- France
- United Kingdom
- United States of America
- International Monetary Fund
- World Bank
- Co-operation Council for the Arab States of the Gulf (GCC)
- Financial Action Task Force
- Egmont Group of Financial Intelligence Units (Egmont Group)
- Palestine
- Spain
- Asia/Pacific Group on Money Laundering (APG)
- World Customs Organization (WCO)
- Arab Monetary Fund
- Eurasian Group on combating money laundering and financing of terrorism (EAG)
- United Nations (UN)
Website