JEDDAH — The Sultanate represented by the National Committee for Combating Money Laundering and Terrorism Financing took part in the 15th meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF), which concluded its deliberations in Jeddah yesterday.
The Sultanate’s delegation to the meeting was led by Sayyid Marwan bin Turkey al Said, Chairman of the Technical Committee for Combating Money Laundering and Terrorism Financing, and the representatives of the Public Prosecution, Justice Ministry, Central Bank of Oman and Financial Investigation Unit and Economic Crimes Unit at the Royal Oman Police.
The meeting discussed combating money laundering and terrorism financing at the regional and international arenas, in addition to reports of some member states to review the progress achieved in their systems of combating money laundering and terrorism financing. The meeting reviewed the new amendments introduced to the international recommendations of the Financial Action Task Force in this regard.
It is worth mentioning that the Sultanate is one of the founding members of MENAFATF. It comprises 18 countries and a number of observer states and international organisations. MENAFATF aims at adopting the recommendations of FATF on money laundering and terrorism financing, in addition to implementing the treaties and conventions of the UN and the UN Security Council resolutions in respect to combating money laundering and terrorism financing. — ONA