Washington, United States – The Financial Action Task Force for the Middle East and North Africa “MINFATF”, headed by His Excellency Hamed Saif Al Zaabi, Chairman of the Group, is participating, for the first time, in the spring meetings of the World Bank Group and the International Monetary Fund. Which started on Monday in the US capital, Washington, and will continue until April 18. This is within the framework of enhancing international coordination and exchanging experiences in the areas of integrity of financial systems and combating financial crimes.
His Excellency Hamed Saif Al Zaabi, President of MINFATF, stressed that the group’s first participation in the spring meetings represents an important platform for enhancing regional and international coordination. Pointing out that the UAE’s presidency of the group focuses on supporting member states’ readiness for upcoming rounds of mutual assessments. In line with the FATF methodology based on measuring effectiveness and achieving results.
He explained that MINFATF works to enhance the exchange of experiences and best practices between member states, and develop institutional capabilities. Which contributes to raising the efficiency of anti-money laundering systems and combating the financing of terrorism and the financing of arms proliferation. Translating international standards into practical and sustainable results.
His Excellency pointed out that the meetings constitute an opportunity to deepen international partnerships with financial institutions and exchange visions on the most prominent challenges related to the global economy. Including financial stability and financial sustainability. Stressing Minavatf’s keenness to continue its role in supporting regional coordination and enhancing integration with international efforts.
