CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. MENAFATF Launched In Bahrain

MENAFATF Launched In Bahrain

by Lorys Charalambous, for LawAndTax-News.com, Cyprus

02 December 2004


Following the inaugural meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) in Bahrain on Monday, it emerged that Lebanon has been given the presidency, and Egypt the vice-presidency.

The new body, which has been formed under the auspices of the Organisation for Economic Cooperation and Development (OECD), will seek to combat money laundering and terrorist financing activities in the region, in line with the wider international campaign being led by the OECD's Financial Action Task Force (FATF).

According to reports in the regional media, the agreement naming those filling the key roles was signed by representatives from Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanono, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen.

“This is a historic day for the MENA region as it shows the world that we are serious about fighting the twin evils of money laundering and terrorist financing,” H.E. Abdulla Saif, Bahrain’s minister of Finance and National Economy observed following the meeting.

A comprehensive report on the OECD, FATF and other 'offshore' initiatives, including the EU's Savings Tax Directive is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »