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Middle East and North Africa Financial Action Task Force (MENAFATF)

The Middle East and North Africa Financial Action Task Force (MENAFATF) is a voluntary, co-operative organization that aims to collaboratively improve financial compliance regulations around the world.
MENAFATF was established in 2004, when 14 countries decided to establish a FATF-Style Regional Body (FSRB) not based on an international treaty. It sets its own work, regulations, rules and procedures and co-operates with other international bodies to achieve its objectives.

The objectives of MENAFATF are:
– to combat money laundering, financing of terrorism and proliferation; and
– to cooperate among each other and with other international and regional organizations, institutions and agencies to improve compliance worldwide.