MENAFATF Regional FATF Standards

The Middle East and North Africa Financial Action Task Force (MENAFATF) was established in 2004 as a regional body to implement and promote the FATF's 40 Recommendations on anti-money laundering (AML) and countering the financing of terrorism (CFT) across MENA jurisdictions. It operates as an associate member of the FATF, supporting consistent adoption of international AML/CFT standards. Member countries commit to assessing their legal, institutional, and regulatory frameworks, conducting mutual evaluations, and adopting FATF-aligned measures. These include obligations related to customer due diligence, beneficial ownership transparency, suspicious transaction reporting, and international cooperation in financial crime enforcement. The standards apply to banks, financial institutions, money service businesses, DNFBPs (designated non-financial businesses and professions), virtual asset service providers (VASPs), and regulatory authorities operating in the region.