Saudi Arabia became the first Arab country to get FATF membership

Saudi Arabia became the first Arab country to get FATF membership

Saudi Arabia became the first Arab country to get FATF membership

Saudi Arabia has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF) following the group’s annual general meeting in the US. With this, the number of permanent members in the group accounted to 39.

Saudi Arabia which had received an invitation from the FATF at the beginning of 2015 to join as an “observer member”, was admitted into the organization after the group’s meeting in Orlando, Florida.