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LequteMan
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Nigeria, Ghana and Senegal will be subjected to the Intergovernmental Action Group against Money Laundering in West Africa, GIABA’s mutual evaluation in January 2016, Vanguard reports.
The evaluation is to ensure that the govts have a robust anti-money laundering mechanism in accordance with Financial Action Task Force, FATF recommendations, Director General, GIABA, Adama Coulibaly said at the national sensitisation seminar on anti-money laundering and combating financing of terrorism for journalists in Lagos.
“Money laundering and financing of terrorism are not new phenomena in West Africa. Typologies have already identified a vast number of money laundering cases in the region; cases of financing of terrorism are also beginning to be identified in several countries. These cases are obviously intimately linked to corruption. This is why states in West Africa have a duty to act together in order to combat these threats.
“This has to be done not only as part of protecting the world economies, including Africa’s, against criminal infiltration, but also to enhance the rule of law and, deepen regional integration and maintain regional peace and security. The ECOWAS states are under serious threat of social dislocation or worse unless action is taken now.
#Nigeria #Ghana #Senegal #GIABA
The evaluation is to ensure that the govts have a robust anti-money laundering mechanism in accordance with Financial Action Task Force, FATF recommendations, Director General, GIABA, Adama Coulibaly said at the national sensitisation seminar on anti-money laundering and combating financing of terrorism for journalists in Lagos.
“Money laundering and financing of terrorism are not new phenomena in West Africa. Typologies have already identified a vast number of money laundering cases in the region; cases of financing of terrorism are also beginning to be identified in several countries. These cases are obviously intimately linked to corruption. This is why states in West Africa have a duty to act together in order to combat these threats.
“This has to be done not only as part of protecting the world economies, including Africa’s, against criminal infiltration, but also to enhance the rule of law and, deepen regional integration and maintain regional peace and security. The ECOWAS states are under serious threat of social dislocation or worse unless action is taken now.
#Nigeria #Ghana #Senegal #GIABA
