The Kingdom of Bahrain is a founding and active member in the Middle East and North Africa Financial Action Task Force for combating Money Laundering and Terrorist Financing (MENAFATF). It is also the headquarters of the group’s secretariat. It is a regional group of the FATF formed in 2004 with the aims to adopt and implement the FATF Recommendations on combating money laundering and financing of terrorism and proliferation; to co-operate among each other to raise compliance with these standards within the MENA Region and to cooperate with other international and regional organisations, institutions and agencies to improve compliance worldwide; and to work jointly to identify issues of regional nature related to money laundering and terrorist financing, and to share relevant experiences and to develop solutions for dealing with them.
