By The UAE has assumed the presidency of the Middle East and North Africa Financial Action Task Force (MENAFATF) for 2026, represented by Hamid Saif AlZaabi. The appointment comes as the regional financial crime watchdog prepares for its third round of mutual evaluations under updated global standards.
During its term, the UAE will focus on strengthening regional preparedness for these evaluations, modernizing governance frameworks, expanding international cooperation, and addressing emerging financial crime risks. The presidency is part of a rotating two-year sequence, with Bahrain set to take over leadership of the group in 2027.
Speaking on the appointment, AlZaabi said the UAE aims to boost regional resilience and contribute to the global fight against financial crime, with an emphasis on collaboration to raise standards and build stronger institutions across member states. The role adds to a growing list of international bodies where the UAE has taken on leadership or coordinating functions in recent years, reflecting its expanding role in regional financial governance and compliance frameworks.
The presidency arrives at a moment when regulatory scrutiny across the Gulf’s financial sector continues to intensify, with member states working to align domestic anti-money-laundering frameworks with international standards ahead of the next evaluation cycle.
Source: Dubai Eye 103.8, “UAE takes over presidency of MENA financial action task force” (dubaieye1038.com)
