Hani Wahab, the Deputy Minister of Finance and Chair of the Middle East and North Africa Financial Action Task Force (MENAFATF), participated in the conclusion of the Financial Action Task Force (FATF) plenary meeting. This significant event took place at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris, France.
The meeting attracted over 200 participants, representing global network members and monitoring organizations. Notable attendees included representatives from the International Monetary Fund (IMF), the United Nations, the World Bank, Interpol, and the Egmont Group of Financial Intelligence Units. Participants discussed critical issues related to combating illicit financial flows that fuel crime and terrorism, undermining peace and sustainable economic growth.
One of the primary topics addressed was the importance of enhancing financial inclusion and adopting a risk-based approach. This strategy aims to provide guidelines for countries to understand the specific money laundering risks they face. By identifying these risks, nations can implement effective measures to mitigate them. The meeting also included discussions on mutual evaluation reports assessing various countries’ efforts to combat money laundering and terrorist financing. Additionally, participants reviewed the progress made by certain nations deemed high-risk to the financial system.
On the sidelines of the FATF meeting, Hani Wahab engaged in discussions with the FATF Chair regarding MENAFATF-related issues. They also addressed the upcoming MENAFATF plenary meeting scheduled to take place in Yemen in mid-November. This meeting will serve as a platform to further strengthen regional cooperation in combating financial crimes.
The FATF meeting in Paris underscored the global commitment to address financial crime and enhance cooperation among nations. As MENAFATF prepares for its upcoming meeting in Yemen, the focus remains on fostering financial integrity and security in the region.
To follow the news in Arabic
Preparations Underway for the 54th Batch of Military College Cadets A meeting held today in…
Governor of Al Hudaydah Visits Civilians Injured in Houthi Attack On Sunday, Al Hudaydah Governor…
Significant Rise in Heat-Related Illnesses and Deaths in South Korea Recent government data reveals a…
Kuwait Reaffirms Support for Yemeni Government Kuwait has reiterated its unwavering support for the legitimate…
U.S. Senate Approves Temporary Funding Bill to Avert Government Shutdown The U.S. Senate has approved…
Governor of Al-Dhale'e Calls for Enhanced Military Readiness Al-Dhale'e, Yemen – The Governor of Al-Dhale'e…