The Middle East and North Africa Financial Action Task Force (MENAFATF) has opened a regional workshop in Abu Dhabi on the risk-based approach and risk assessment mechanisms for financial institutions, organised with the Arab Monetary Fund and the German Agency for International Cooperation. The programme focuses on practical application of the risk-based approach in anti-money laundering and counter-terrorist financing (AML/CFT), including helping supervisory authorities develop risk-driven strategies using technological tools. It also covers emerging challenges in the financial sector, transparency around beneficial ownership, and strengthening public-private partnerships through information sharing and compliance improvements. Participants will work through interactive case studies and exercises, including use of artificial intelligence and data analytics for risk assessment, and share regional practices and experience.

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