AMMAN — Jordan is set to assume the presidency of the Financial Action Task Force for the Middle East and North Africa (MENAFATF) in 2025.

 

The Kingdom's leadership role reflects its unwavering commitment to combating money laundering and terrorism financing, spearheaded by the National Committee for Combating Money Laundering and Terrorism Financing.

 

It also reflects Jordan’s dedication to preserving and expanding upon its recent achievements, which have garnered regional and international acclaim.

 

A significant milestone in this journey was Jordan’s removal from the Financial Action Task Force (FATF) "grey list," showcasing the kingdom’s exemplary progress in meeting global financial compliance standards.

 

Governor of the Central Bank of Jordan (CBJ) and Chairman of the National Committee for Combating Money Laundering and Terrorism Financing Adel Sharkas stressed that Jordan’s consistent, high-level commitment has been instrumental in advancing MENAFATF’s goals. He also highlighted Jordan’s status as a founding member of the group, established in 2004.

 

Sharkas also pointed to Jordan’s role as a regional model in addressing money laundering, terrorism financing, and the financing of weapons proliferation, reflecting the Royal vision of supporting regional and international efforts in these areas.

 

"As MENAFATF’s incoming president, Jordan aims to strengthen the organization’s strategic direction and promote its objectives during this critical phase," Sharkas said.

 

Head of the Anti-Money Laundering and Terrorism Financing Unit Samya Abou Sharif will represent Jordan as MENAFATF’s President in 2025.

 

Her appointment marks a historic first, as she will be the first woman to lead the organisation since its inception in 2004.

 

Jordan’s presidency of MENAFATF reaffirms its commitment to safeguarding the global financial system against the adverse effects of money laundering and terrorism financing, solidifying its leadership role in this vital field.