High-level consultation meeting for financial institutions on the preparation of Mutual Evaluation 2024.

10 December 2023, The Financial Reporting Center (FRC) held a high-level consultation meeting for financial institutions on the preparation of the Middle East and North Africa Financial Action Task Force (MENAFATF Mutual Evaluation 2024.
The financial institution’s FIs commitment to thorough preparation for the upcoming MENAFATF Mutual Evaluations 2024 is commendable. These evaluations play a crucial role in assessing the effectiveness of anti-money laundering and counter-terrorism financing measures.

The Financial Reporting Center extends its best wishes to the country for a successful outcome in the upcoming MENAFATF Mutual Evaluations, Collaboration between financial institutions, regulatory authorities, and other stakeholders is essential for a successful evaluation.

The Financial Reporting Center had a fruitful meeting with mobile money service providers. The purpose of the engagement was to foster collaboration between mobile money service providers and FRC to ensure compliance with #AML/#CFT Act, and Reporting obligations. pic.twitter.com/Q10N1qWKef