Manama, Nov. 11 (BNA): General Shaikh Rashid bin Abdullah Al Khalifa, Minister of Interior and Chairman of the Committee for Addressing Extremism, Terrorism Financing, and Money Laundering, met with Samya Abou Sharif, Chairperson of the Middle East and North Africa Financial Action Task Force (MENAFATF).
Interior Minister receives MENAFATF Chairperson
Shaikha May bint Mohammed Al Khalifa, Chief Executive Officer of the Financial Intelligence National Centre (FINC) and Chair of the Anti-Money Laundering and Counter-Terrorism Financing Policy Committee, attended.
General Shaikh Rashid bin Abdullah praised the essential contribution of the MENAFATF in fighting money laundering and terrorism financing offenses and in applying pertinent international standards. He stated that the collaborative efforts between the Kingdom and the group play a role in enhancing global trust and reinforcing the esteemed image of Bahrain’s financial and banking hub.
The Minister additionally mentioned the strategic initiatives launched by the Kingdom in line with its dedication to enhancing anti-money laundering and counter-terrorist financing policies, grounded in sophisticated legislative and legal frameworks. He emphasized the importance of the National Financial Intelligence Centre in formulating national strategies and improving the effectiveness of current initiatives in readiness for the forthcoming comprehensive assessment.
Throughout the meeting, talks also included Shaikha May bint Mohammed’s forthcoming role as Deputy President of the MENAFATF for the next year, highlighting the global community’s trust in Bahrain’s position and its contribution to international initiatives against money laundering, terrorist financing, and the protection of the financial system
