Issues
 Communications surveillance
 Travel surveillance
 Identity documents
 Terrorist watch lists
 Migration and border controls
 Security cooperation
 Financial surveillance

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About the project

 

MENAFATF

Middle East and North African Financial Action Task Force

About MENAFATF

Formed in November 2004, the Middle East and North African Financial Action Task Force is very much a nascent body. The organisation's aim is to ensure compliance across the member countries with the FATF Recommendations.

More about MENAFATF . . .

 
Activities

The First Plenary Meeting -- April 2005

A press release from the inaugural meeting on November 30, 2004 elaborated on the organisation's aims, including:

  • Building effective arrangements throughout the region to combat money laundering and terrorist financing
  • Adopting and implementing the 40 Recommendations of the FATF against money laundering
  • Adopting and implementing the Special Recommendations of the FATF against terrorist financing
  • Implementing the relevant UN treaties and agreements and United Nations Security Council Resolutions dealing with countering money laundering and terrorist financing
  • Cooperating to raise compliance with these standards and measures within the MENA Region and to work with other international organizations to raise compliance worldwide
  • Working together to identify money laundering and terrorist financing issues of a regional nature, to share experiences of these problems and to develop regional solutions for dealing with them

The Second Plenary Meeting -- September 2005

At the Second Plenary Meeting the member countries agreed to a program of Mutual Evaluation. Details were included in a press release.

"Best Practices" for Charities and non-profit organisations

Also in September 2005, MENAFATF released a "Best Practices" document (pdf) concerning charities. Some of the mandated practices included:

  • Establishment and specification of the party in charge of monitoring and supervising the charity sector
  • Non-profit and charitable institutions may not open bank accounts before being authorised by the competent supervisory body
  • Charitable associations should cease the raising and spending of funds in cash, using bank accounts for all their operations and activities
  • The bank accounts of a charitable organisation should be consolidated on a single account in order to facilitate supervision
  • External transfer operations from the accounts of charitable organisations must be approved by the competent supervisory body
  • Identities of donors and beneficiaries must be ascertained
  • Banks should be directed to apply the "know your customer" rule and to follow adopted supervisory policies and measures in dealing with the accounts of charitable associations concerning donations and disbursements, in addition to implementing policies and measures about the notification of suspicious operations and the implementation of standards governing high risk accounts

Regarding external charity operations,

  • The provision of aid should be focused on the implementation of specific projects and activities that are under the supervision of an international organisation
  • The disbursement of aid in cash should be completely abandoned
  • Aid send abroad must be restricted to charitable associations that are officially authorised in their respective countries, in co-ordination with each government
  • Aid should not be sent directly to individuals, institutions or small foreign charities that are not subject to regulations and supervision by their own countries

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