The Republic of Yemen actively participated today in the 40th general meeting of the Financial Action Task Force (FATF) for the Middle East and North Africa (MENA) region. This significant event took place in the Jordanian capital, Amman, with a delegation led by Hani Wahab, the Deputy Minister of Finance and Chairman of the National Committee for Combating Money Laundering and Terrorist Financing.
During the meeting, participants discussed crucial topics related to the group’s operations. They focused on internal matters, international evaluations, and various initiatives aimed at enhancing and developing efforts to combat money laundering and terrorist financing among member states.
In conjunction with the general meeting, several preparatory sessions took place over four days. These included meetings of the Risk Committee, the Financial Intelligence Units Forum, the Counter-Terrorism Financing Experts Forum, the Technical Assistance and Applications Working Group, and the Mutual Evaluation Working Group. Additionally, a workshop on risk assessment for the third round of evaluations was conducted.
Throughout the meetings, representatives reviewed experiences from various countries regarding the second round of evaluations. Experts from FATF, MENAFATF, and other international organizations presented the mutual evaluation process for member states.
Yemen’s representatives enriched these discussions with valuable insights and proposals. As a result, they raised several important recommendations, which were discussed and approved during the general meeting.
Yemen’s participation in this pivotal meeting underscores its commitment to strengthening its frameworks against money laundering and terrorist financing. The collaborative efforts among member states aim to enhance regional security and financial integrity.
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