Middle East and North Africa Financial Action Task Force

What Middle East and North Africa Financial Action Task Force does

The Middle East and North Africa Financial Action Task Force (MENAFATF) is a regional intergovernmental body founded in 2005 that coordinates anti-money laundering (AML) and counter-terrorism financing (CTF) standards across the Middle East and North Africa. It operates as one of the FATF-style regional bodies within the global Financial Action Task Force (FATF) network, implementing FATF recommendations through mutual evaluations, capacity-building workshops, and harmonization of compliance frameworks among its member jurisdictions. Core activities include monitoring member-state adherence to FATF standards, conducting mutual evaluation rounds, and providing technical assistance to strengthen national AML/CTF regimes. Recent operational evidence includes the 41st Plenary Meeting held in Manama, Bahrain in November 2025.

MENAFATF does not build or sell commercial products; its "platform" is the multilateral coordination process itself — recurrent plenary sessions, mutual evaluation cycles, and specialized workshops. At the 41st Plenary, the organization engaged external technical contributors from Malaysia and Latvia to deliver workshops on mutual evaluation rounds and FATF standards implementation, indicating a reliance on cross-regional knowledge transfer rather than proprietary technology infrastructure. No proprietary software, APIs, applications, or technology stack is disclosed.

The organization operates outside any commercial revenue model. As stated in the input, MENAFATF is funded through membership contributions and institutional funding from member jurisdictions and does not engage in marketing, sales, or distribution of commercial services. Its primary "customers" are its member jurisdictions, which it serves through compliance monitoring, mutual evaluation processes, and capacity-building support. The entity is multilateral and member-state driven, with no parent company, ownership structure, or commercial subsidiaries.

Name

Middle East and North Africa Financial Action Task Force

Legal name

Middle East and North Africa Financial Action Task Force

Website

https://menafatf.org

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

MENAFATF is a regional intergovernmental body founded in 2005 that coordinates anti-money laundering and counter-terrorism financing standards across Middle East and North Africa member jurisdictions, operating within the global FATF network through mutual evaluations and capacity building.

Ownership category

akta.pro rank

Product category

Financial Crime Compliance Standards

NAICS

International Affairs (92812)

SIC

International Affairs (9721)

akta.pro primary industry

Financial Regulation, AML/CFT & Tax Transparency Cooperation (BPADANAL)

akta.pro secondary industries

Financial Crime, AML/CFT & Sanctions Compliance (BPAHAFAE), AML/CTF Transaction Monitoring & Case Management (FSAGAFAC)

Keywords

• Anti-money laundering
• Counter-terrorism financing
• Regulatory standards
• Mutual evaluations
• Compliance monitoring

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Core offering

MENAFATF is a regional intergovernmental body that implements FATF recommendations on anti-money laundering (AML) and counter-terrorism financing (CTF) across the Middle East and North Africa region. It conducts mutual evaluations of member jurisdictions, provides capacity building, technical assistance, and workshops, and serves as the regional platform for harmonizing financial crime compliance standards.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered supporting.

• MalaysiasupportingStrategic or Co-development Partner · 20 November 2025Malaysia contributed to specialized workshops on mutual evaluation rounds and implementation of FATF standards at the 41st MENAFATF Plenary Meeting, providing technical expertise and support for capacity building among member jurisdictions.
• LatviasupportingStrategic or Co-development Partner · 20 November 2025Latvia participated in specialized workshops on mutual evaluation rounds and FATF standards implementation at the 41st MENAFATF Plenary Meeting, contributing technical knowledge and support for regional compliance efforts.

Scale indicators1 record

Recent moves4 records

Expansion highlights2 records

Direct peers

• Council of Europe - MONEYVAL: MONEYVAL is the Council of Europe's AML/CFT evaluation body for non-FATF member states. As another FATF-style regional body, it offers directly analogous mutual evaluation and standard-setting functions.
• ESAAMLG (Eastern and Southern Africa Anti-Money Laundering Group): ESAAMLG is the FATF-style regional body for Eastern and Southern Africa. Like MENAFATF, it supports member jurisdictions with AML/CFT compliance and mutual evaluation rounds.
• Asia/Pacific Group on Money Laundering (APG): APG is a FATF-style regional body covering the Asia/Pacific region. It mirrors MENAFATF's mandate of mutual evaluations, capacity building, and FATF recommendations implementation across a different geography.
• GABAC (Central African Anti-Money Laundering Group): GABAC is the CEMAC region's AML/CFT body for Central Africa. It is a sibling FATF-style organization with overlapping methodology and capacity-building remit to MENAFATF.
• GIABA (Inter-Governmental Action Group against Money Laundering in West Africa): GIABA is the ECOWAS-affiliated AML/CFT body for West Africa. It performs analogous mutual evaluations and capacity-building work, providing a peer reference point for MENAFATF's regional model.
• Caribbean Financial Action Task Force (CFATF): CFATF is the FATF-style regional body for the Caribbean. It operates with the same mutual evaluation methodology and FATF alignment as MENAFATF, making it a structurally direct peer.

Broad incumbents

• Egmont Group of Financial Intelligence Units: The Egmont Group is the global network of financial intelligence units that supports AML/CFT operational cooperation. While operating at FIU rather than national-policy level, its membership includes MENA FIUs that interface with MENAFATF.
• Financial Action Task Force (FATF): FATF is the global AML/CFT standard-setting body of which MENAFATF is a regional affiliate. They share mandate (mutual evaluations, 40 Recommendations, typology work), making FATF the most comparable organization at the global level.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/menafatf

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Middle East and North Africa Financial Action Task Force