UAE To Lead MENAFATF As Chair In 2026, Strengthening Regional Financial Cooperation

The 41st Plenary Meeting of the Middle East and North Africa Financial Action Task Force (MENAFATF) wrapped up in Manama, Bahrain. The discussions aimed to boost regional collaboration against money laundering, terrorist financing, and proliferation financing. High-level delegations from member states, observers, and international partners participated in various sessions throughout the week.

During the meeting, it was announced that the United Arab Emirates will take over the MENAFATF Presidency starting January 2026. Hamid AlZaabi, Secretary-General and Vice Chair of the UAE National Anti-Money Laundering and Countering the Financing of Terrorism and Financing of Proliferation Committee (NAMLCFTPFC), will serve as President during this term.

Hamid AlZaabi expressed gratitude for the UAE's upcoming leadership role. He stated, "The United Arab Emirates is honoured to assume the Presidency of MENAFATF for 2026 which is an important responsibility reflecting the confidence of member states and the UAE’s standing as a leader in combating money laundering, terrorist financing, and proliferation financing." AlZaabi also acknowledged Jordan's contributions under Samya Abou Sherif’s leadership.

The UAE aims to enhance international cooperation during its presidency. It plans to empower MENAFATF's Secretariat for lasting impact and ensure readiness for future mutual evaluations. The focus will be on strengthening regional ties and improving compliance with global standards.

Under the joint UAE–Bahrain Presidency, several priorities have been set. These include preparing member states for mutual evaluations and enhancing governance frameworks. The UAE also plans to support FATF recommendations to improve clarity and effectiveness within MENAFATF procedures.

Another key focus is enhancing cooperation with international partners. This aligns with MENAFATF’s strategic plans to better support member state priorities. Strengthening implementation of international standards by understanding risks and trends is also a priority.

Commitment to Global Standards

MENAFATF was established in 2004 with 21 member states committed to protecting financial systems' integrity. As Chair, the UAE will continue promoting efforts against financial crimes while enhancing compliance with global standards.

The UAE delegation concluded by thanking Bahrain for hosting successful meetings. They also appreciated MENAFATF Secretariat’s ongoing efforts in advancing regional cooperation among member states.

The UAE reaffirms its commitment to supporting global efforts against financial crime through its presidency. It aims to strengthen regional partnerships and build a resilient framework addressing emerging challenges. This reflects its active role within the FATF network promoting transparency and compliance.

With inputs from WAM