ML/TF Trends and Indicators in the MENA Region-Update

Friday, July 29, 2016 Download (1.09 MB)

The 17th plenary meeting adopted the typologies project on “ML/TF trends and indicators- Update” which focused on analyzing the most recent information on ML/TF trends and indicators in the MENA region compared to the information which was identified in the previous project in 2010.

The most important results reached by the report on ML cases compared to 2010 were: the ongoing ML trend via fraud and illicit trafficking means and misusing the banks and exchange companies, recurring transfer and deposit of funds in banking accounts as being the highest ML means in the region; while the emerging trends that were mentioned in some cases cover, among others, the use of internet to effect suspicious banking transfers and the use of automatic withdrawal and deposit machines.