Saudi Arabia Hosts 39th MENAFATF Plenary Meeting in Riyadh

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The Kingdom of Saudi Arabia, represented by the Saudi Central Bank (SAMA), is hosting the 39th Plenary Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) from November 16 to 21 in Riyadh. According to a press release from SAMA, the meeting will be chaired by the Republic of Yemen and attended by senior officials and observers from MENAFATF member countries, alongside regional and international organizations dedicated to anti-money laundering (AML), combating the financing of terrorism (CFT), and addressing proliferation financing.

Participants will engage in discussions on critical topics related to AML, CFT, and proliferation financing, while also reviewing outcomes from the Financial Intelligence Units Forum (FIUF), the Operational Experts Forum on Terrorist Financing (OFTF), and the Risk Committee.

In conjunction with the MENAFATF meeting, a special conference will commemorate the 20th anniversary of MENAFATF’s establishment, focusing on the latest developments in AML, CFT, and combating proliferation financing. The conference will be inaugurated by Ayman Al-Sayari, Governor of the Saudi Central Bank, and will feature sessions on adopting international standards set by the Financial Action Task Force (FATF), lessons learned from mutual evaluations, the application of FATF standards to virtual assets and emerging technologies, and best practices in asset tracking and recovery, as well as enhancing international cooperation mechanisms.