Moataz Ahmed

Buna (The Arab Regional Payments Clearing and Settlement Organization)

Buna, The Arab Regional Payments Clearing and Settlement Organization, is a centralized cross-border payment system owned by the Arab Monetary Fund. It aims at enabling financial institutions and central banks in the Arab region and beyond to send and receive cross-border payments in local and international currencies in a safe, cost-effective, risk-controlled and transparent environment. Buna offers to its participants modern payment solutions that comply with international requirements against financial crime and adhere to the highest standards of information security and data protection. Buna contributes to strengthening the opportunities for economic and financial integration in the Arab region and supporting investment ties with the global trading partners. Buna welcomes the inclusion of all banks that meet the criteria and conditions for participation, primarily the standards and procedures of compliance aspects.