"Today four states consider membership of FATF. So far, two countries, Saudi Arabia and Malaysia are awaiting for a process of obtaining a regular membership. As of today, they have an observer status. The other two are Nigeria and Israel. We are in a process of reviewing their status and applications," Je-Yoom stated.
The review of Nigeria's application was delayed due to political issues, however, the organization is still looking forward to starting the negotiating process with Abuja, he noted.
"I believe that a membership of 40 countries from around the world, that have committed to the FATF recommendations, is an appropriate size for the Organization to achieve results in promoting and implementing measures to counter terrorism financing," Je-Yoom stressed.
FATF currently comprises 34 member jurisdictions and two regional organizations, representing major financial centers around the globe, according to the agency's website.
