MENAFATFMiddle East-North Africa Financial Action Task Force
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
It also reflects the outstanding contribution of the EMLCU to support the activities of the MENAFATF group, of which Egypt currently serves as its vice-president and will chair in 2020.
AMLPC was also responsible for the second mutual evaluation in 2010 conducted by a joint assessment team of the FATF and MENAFATF.
The edict is in line with the criteria set by the Middle East and North Africa Financial Action Task Force (MENAFATF) against money laundering and terrorist financing as well as with UN conventions and agreements and UN Security Council resolutions.
He pointed that Sudan has developed a system that is "adequately protected against money laundering or terrorist financing operations", saying the country is preparing for the assessment phase by the Middle East and North Africa Financial Action Task Force (MENAFATF) in 2022.
Algeria is a member of the MENAFATF, a FATF-style regional body.
Muscat, Nov 15 (ONA) The Sultanate represented by the National Committee for Combatting Money Laundering and Terrorism Financing took part in the three-day fourth meeting of the Middle East & North Africa Financial Action Task Force (MENAFATF) held in Doha today.
Speaking about the recent changes and future challenges of international anti money laundering regulation, Adel Al Qulish, Executive Secretary, MENAFATF, explained that diversifying risk is not an easy exercise anymore and the private sector plays an important role on that front.
During 2012, the Middle East and North Africa Financial Action Task Force (MENAFATF) completed a required review of Qatar after determining that "Qatar had improved its anti-money laundering/combating the financing of terrorism regime and was either 'Compliant or Largely Compliant' with all of the Task Force's recommendations." (20) The Qatari central bank operates a financial intelligence unit (FIU) that monitors activity in Qatar's banking system and serves as a liaison office to similar units in the United States and around the world.
It should be noted that in an earlier meeting, the Financial Action Task Force for the Middle East and North Africa (MENAFATF) acknowledged progress made by Syria in AML/CTF.
It is worth to mention that the 19th Plenary General Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) against Money Laundering and Terrorist, held in the Bahraini capital, Manama, approved providing an exit request from the on-going follow up process to the process of updating every two years by Yemen.
The NAMLC discussed the items on its agenda; it reviewed and approved the minutes of the previous meeting it held on June 12; reviewed the report regarding the third FATF Plenary meeting of its 24th session and meetings of its working groups held from June 16 to 21 in Oslo, Norway; it reviewed a report regarding the 21st Egmont Group Plenary meeting and its working groups which was held from July 1 to 5 in Sun City, South Africa; and discussed the latest developments on the actions taken by the concerned authorities in the UAE to correct the deficiencies in its joint evaluation report and requesting concerned authorities in the country to fulfill the requirements in preparation for inclusion in the fifth follow-up report due for submission to the MENAFATF, among others.
14:00 Press Conference for Financial Work Group for the Middle East region (MENAFATF).