Saturday, March 2, 2013

Two West African countries register sound progress in fighting money laundering


Ghana and Nigeria are making tremendous progress and achievement in the fight against the twin crimes of money laundering and terrorism financing (ML/TF), a news release from the Inter-Governmental Action Group against Money Laundering in WestAfrica (GIABA) has said.

According to the release from the GIABA Information Centre in Nigeria on Friday, Ghana has made significant progress in improving its Anti-Money Laundering and Counter Financing Terrorism (AML/CFT) regime hence the Financial Action TaskForce (FAFT) has excluded the country from its list of countries with deficiencies in AML/CFT regime.

Initially, FAFT - global standard setting body for anti-money laundering and combating the financing of terrorism - blacklisted Ghana due to the country’s lack of progress in improving its AML/CFT regime and also called on member countries to consider the risks and be cautious in doing any transaction with Ghana.

Following this, the release said Ghana developed an Action Plan to address the strategic deficiencies identified in its AML/CFT regime, with the support of FATF and GIABA, an arm of ECOWAS mandated to clean the sub-region of the twin crimes of Money Laundering and Terrorism Financing (ML/FT).

In October 2010, Ghana made a political commitment to implement the Action Plan within one year.

According to the release, Ghana, with the continued support of GIABA, has demonstrated strong and high-level political commitment towards addressing its strategic AML/CFT deficiencies and, thus established the required legal and regulatory framework to meet its commitment in the action plan, including the passage of the AML Regulation (LI 1987) by the Parliament in March 2011; the ratification of the UN Convention against Transnational Organized Crime (2000) in February 2012; the enactment of the Criminal Offences (Amendment) Act 2012, among others.

In January 2013, the International Cooperation Review Group (ICRG) Regional Review Group (RRG) of the FATF covering Africa and Middle East conducted an on-site visit to Ghana to ascertain the extent at which measures are in place to implement the action plan.

“The on-site team was satisfied that five of the action plan items had been substantially completed, and that there is political commitment and institutional capacity to implement AML/CFT Reforms in Ghana,” the GIABA statement said.

“The only one item the team considered unsatisfactory was the inadequacy of the implementation of obligations under the United Nations Security Council Resolutions (UNSCRs) 1267, 1373, and successor resolutions.”

The release pointed out that during the exit meeting with the assessment team, the Ghanaian authorities assured them that this would be met before the FATF-ICRG meeting scheduled for 18 February 2013 in Paris.

At that meeting, Ghana proved beyond reasonable doubt that this requirement had been met and presented in evidence Executive Instrument entitled “Instructions for the Implementation of the UNSCRs 1267 (1999), 1373 (2001), 1718 (2006), 1737 (2006, Successor Resolutions and Other Relevant Resolutions” issued by the unconsolidated list of individual terrorists, entities or organizations dated 14 February 2013.

Consequently, at its plenary meeting held in Paris, France, from February 20 to 22, 2013, FATF welcomed Ghana’s significant progress in improving its AML/CFT regime and noted that Ghana has established the legal and regulatory framework to meet its commitments in its action plan.

FATF concluded that Ghana is therefore no longer subject to its (FATF’s) monitoring process under its on-going global AML/CFT compliance process.

Ghana will work with GIABA as it continues to address the full range of issues identified in its Mutual Evaluation Report.

Nigeria enacts Terrorism Prevention Act
The GIABA press release stated that Nigeria has made also significant efforts and taken steps towards improving its AML/CFT regime, including criminalization of the full range of predicate offences for money laundering and the passage of the Money Laundering (Prohibition) (Amendment) ACT 2012; and most recently on 21 February 2013, President Goodluck Jonathan assented to the Terrorism (Prevention) (Amendment) Act 2013.

“The enactment of the Anti-Terrorism Act marks a turning point in the implementation of a robust counter terrorism measures in Nigeria, which is a major requirement for an effective AML/CFT system,” the released said.

However, though FATF has not yet assessed the legislation, due to the very recent nature of its enactment, 
GIABA encourages Nigeria to remain resolute and continue with the implementation of its action plan.

GIABA hails the two countries

GIABA welcomes these positive developments in its two member states, especially the very strong commitment and relentless efforts to pass the required pieces of legislation and enforce a full range of regulatory framework.

GIABA congratulates Ghana in particular for exiting the monitoring process of the FATF.
The Dakar-based sub-regional organization also commends Nigeria for its commitment and relentless efforts to get out of the process as soon as possible.

GIABA would also like to re-assure all its members that it will continue to provide them with the necessary guidance, technical support and assistance to ensure that none of its members is subjected to the FATF review.

73 comments:

  1. Hi there! I'm at work surfing around your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the outstanding work!

    Here is my web page - private krankenversicherung student
    Also see my web page > pkv kind

    ReplyDelete
  2. You actually make it seem so easy along with your presentation
    however I in finding this matter to be actually one thing that I think I might
    never understand. It sort of feels too complicated and very extensive for me.
    I'm taking a look ahead for your subsequent submit, I'll
    try to get the hang of it!

    Feel free to visit my blog find a business idea
    Also see my web site - start a new business ideas

    ReplyDelete
  3. This info is priceless. How can I find out more?


    My web page: kredit trotz privatinsolvenz

    ReplyDelete
  4. I absolutely love your blog and find many of your post's to be what precisely I'm
    looking for. Does one offer guest writers to write content in your case?
    I wouldn't mind creating a post or elaborating on a number of the subjects you write regarding here. Again, awesome website!

    my blog: internet jobs from home

    ReplyDelete
  5. This is my first time go to see at here and i am truly happy to read everthing at single place.


    Feel free to surf to my web-site ... consolation loans

    ReplyDelete
  6. This is my first time go to see at here and i am truly happy to
    read everthing at single place.

    my webpage: consolation loans
    my web site: is it good to consolidate Student loans

    ReplyDelete
  7. Howdy this is kind of of off topic but I was wondering if blogs use
    WYSIWYG editors or if you have to manually code with
    HTML. I'm starting a blog soon but have no coding experience so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

    my weblog: Private Krankenversicherung Rente

    ReplyDelete
  8. I constantly spent my half an hour to read this website's posts everyday along with a cup of coffee.

    Stop by my blog; home equity loans refinancing
    My web page - how get a loan with Bad credit

    ReplyDelete
  9. Please let me know if you're looking for a article author for your site. You have some really great posts and I feel I would be a good asset. If you ever want to take some of the load off, I'd really like
    to write some content for your blog in exchange for a link back to mine.
    Please shoot me an e-mail if interested. Regards!

    Feel free to surf to my web page krankenkasse zusatzversicherung

    ReplyDelete
  10. I could not refrain from commenting. Well written!

    Take a look at my web-site; boston seo services

    ReplyDelete
  11. Pretty! This was a really wonderful article. Thank you for providing
    this information.

    My webpage ... auto refinance for bad credit

    ReplyDelete
  12. hi!,I really like your writing very much! proportion
    we communicate more about your article on AOL? I require an expert on this area to
    unravel my problem. May be that's you! Taking a look forward to peer you.

    My site ... krankenversicherungen private

    ReplyDelete
  13. I every time spent my half an hour to read this weblog's articles or reviews everyday along with a mug of coffee.

    Review my page: topsail island vacation Rentals
    My web page > island vacation all inclusive

    ReplyDelete
  14. Why viewers still use to read news papers when in this technological world
    the whole thing is presented on net?

    Feel free to visit my weblog - web hosting sites

    ReplyDelete
  15. A huge dick in my pussy,a warm wet tounge up my own arse and
    cum and pussy juice all over me. Fuck, ozzy

    Here is my page - hcg injections

    ReplyDelete
  16. A huge dick in my pussy,a warm wet tounge up my own arse and cum and pussy juice all over
    me. Fuck, ozzy

    my page ... hcg injections
    my website > hcg injections

    ReplyDelete
  17. Link exchange is nothing else except it is simply placing the
    other person's blog link on your page at suitable place and other person will also do similar for you.

    my page; http://shaundachambers.Com/Lazaro82M

    ReplyDelete
  18. I want to to thank you for this fantastic read!! I absolutely loved every little bit of it.
    I have got you saved as a favorite to look at new things you post…

    Also visit my web page web hosting companies

    ReplyDelete
  19. I am really happy to read this web site posts which consists of tons of valuable facts, thanks for providing these kinds of information.



    my weblog; vertical leap workouts

    ReplyDelete
  20. For most recent information you have to pay a visit world wide web and on the web I found this web site as a
    most excellent site for most up-to-date updates.



    Feel free to surf to my web-site :: Www.biofalu.hu

    ReplyDelete
  21. Howdy would you mind stating which blog platform you're using? I'm
    planning to start my own blog soon but I'm having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I'm
    looking for something unique. P.S My apologies for getting off-topic but I had to
    ask!

    my homepage ... Total Merchant Service

    ReplyDelete
  22. I have been exploring for a little bit for any high-quality articles
    or blog posts in this sort of area . Exploring in Yahoo I eventually stumbled upon this site.
    Studying this info So i'm happy to express that I've a
    very just right uncanny feeling I came upon just what I
    needed. I so much definitely will make sure to
    don?t overlook this web site and provides it a glance regularly.


    My web site bancuri serioase

    ReplyDelete
  23. This is my first time pay a quick visit at here and i am in fact pleassant to read all at alone
    place.

    Here is my weblog book of raw kostenlos spielen

    ReplyDelete
  24. Howdy would you mind letting me know which hosting company
    you're working with? I've loaded your blog in 3 different
    internet browsers and I must say this blog loads a
    lot faster then most. Can you suggest a good hosting provider at a honest price?
    Many thanks, I appreciate it!

    Here is my site - jocuri cu sah

    ReplyDelete
  25. Attractive section of content. I just stumbled upon your site and in accession capital to
    assert that I get in fact enjoyed account your blog posts.
    Any way I will be subscribing to your augment and even
    I achievement you access consistently quickly.

    Have a look at my blog Juegos

    ReplyDelete
  26. I visited many blogs but the audio quality for audio songs current at this site is truly
    wonderful.

    Look at my page www jocuri impuscaturi

    ReplyDelete
  27. So how is Janice doing in week three of the 30-Day paleo diet
    Challenge. Consuming anti-inflammatory foods
    that are quick and easy. 3- and even 5-inch phones the
    past few years more and more common.

    Here is my web blog ... crossfit paleo diet

    ReplyDelete
  28. They all seem to have their fans and detractors, most of the food that
    Cavemen ate was raw. On the other hand, he is now co-owner of a gym in Chico, California, where I
    live with my spouse Karen Casino.

    Look at my web site paleo brownies

    ReplyDelete
  29. Hey! Do you know if they make any plugins to safeguard against hackers?
    I'm kinda paranoid about losing everything I've worked hard on.

    Any recommendations?

    my homepage: workouts To Increase vertical

    ReplyDelete
  30. Hi there! I just wish to give a huge thumbs
    up for the great information you’ve gotten here
    on this post. I will likely be coming back to your weblog for extra soon.


    Feel free to visit my homepage ... play classical music online

    ReplyDelete
  31. Hiya! I just wish to give an enormous thumbs up for the great data you will have here on this post.
    I will be coming again to your blog for more soon.

    Here is my blog :: travel size lotion container

    ReplyDelete
  32. We will, of course, is not to say that with moderate responsible use far cry
    3 prices do more good than bad. How can you not when these dogs are
    running towards you, and others rushing at you shouting Banzai!
    Your console will not be fighting for spawns. Not all teens are going to be challenging.

    The rules state that" to be added to the Summer Olympics, a sport or discipline must be widely practised by men in at least 40 countries on three continents".


    My web site: Www.Nexopia.com

    ReplyDelete
  33. Hi, just wanted to mention, I liked this post.
    It was funny. Keep on posting!

    Here is my blog post ... saffronextractreview123.weebly.com

    ReplyDelete
  34. This can be made against television and the fears it raises, we
    can. I thought so Does anyone own one of these things not me.

    Tibbits Likely the scariest part in the study, the nine doctors who had at some point
    played call of duty 2 multiplayer at least every now and again.
    There has been a popular setting for shooter games over
    the network. There are two warthogs, two mongooses, turret, two ghost, and a bat, and he has his
    daddy's cool vampire powers.

    my web blog; call of duty black ops wii review

    ReplyDelete
  35. Hello! I just want to give a huge thumbs up for the great information you’ve
    right here on this post. I will likely be coming again
    to your blog for more soon.

    Feel free to visit my website - chords and lyrics adele best for last

    ReplyDelete
  36. Thanks for some other magnificent article. Where else may just anybody get that kind of
    info in such a perfect method of writing? I have a presentation next week, and I'm at the search for such information.

    Also visit my web site: refinance fha home loan

    ReplyDelete
  37. Hello! I just want to give a huge thumbs up for the good information you could have here on this post.
    I can be coming back to your weblog for extra soon.


    Have a look at my web-site: saeco single cup grind and brew coffee maker

    ReplyDelete
  38. Good day! I know this is kinda off topic however , I'd figured I'd ask.
    Would you be interested in exchanging links or maybe guest
    authoring a blog article or vice-versa? My site covers a lot of the same topics as yours and I
    feel we could greatly benefit from each other. If you happen to
    be interested feel free to shoot me an email. I look
    forward to hearing from you! Fantastic blog by the
    way!

    Also visit my blog ... terrasse piscine bois

    ReplyDelete
  39. Hiya! I just want to give an enormous thumbs up for the good info
    you could have here on this post. I will be coming back to your blog for more
    soon.

    Here is my weblog - ipod music player controls

    ReplyDelete
  40. Hello I am so grateful I found your blog, I really found you by
    accident, while I was searching on Aol for something else,
    Regardless I am here now and would just like to say cheers
    for a incredible post and a all round thrilling
    blog (I also love the theme/design), I don’t have time to browse
    it all at the minute but I have book-marked it and
    also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome work.


    Also visit my web page - Bench Craft Company advertising good for society

    ReplyDelete
  41. Quality content is the main to be a focus for
    the viewers to pay a quick visit the website, that's what this website is providing.

    Check out my web-site :: prix fenetre double vitrage pvc

    ReplyDelete
  42. Good day! I simply want to give a huge thumbs up for the nice information you’ve
    got here on this post. I shall be coming back to your weblog for more soon.


    my web page we got married seohyun ep 29 eng

    ReplyDelete
  43. Good day! I simply wish to give a huge thumbs up for the nice information you will have here on this post.
    I can be coming back to your blog for more soon.



    my web-site queen seon deok bidam died

    ReplyDelete
  44. Hello! I just would like to give a huge thumbs up for the good information you
    have got right here on this post. I will probably be coming back to your weblog for extra soon.


    Stop by my web blog - semi finalist

    ReplyDelete
  45. Hey! I simply wish to give an enormous thumbs up for the good information you’ve gotten here on
    this post. I will probably be coming back to your blog for more soon.


    Feel free to surf to my web site search engine optimization new york city

    ReplyDelete
  46. Hey! I simply want to give a huge thumbs up for the great
    data you’ve got here on this post. I shall be coming again
    to your weblog for extra soon.

    Feel free to surf to my weblog - ipod touch 4th generation case with belt clip

    ReplyDelete
  47. Hi there! I simply would like to give a huge thumbs up for the good data
    you’ve got here on this post. I shall be coming
    back to your blog for extra soon.

    Have a look at my blog post ... semisweet chocolate chips substitute

    ReplyDelete
  48. I do not know if it's just me or if everyone else encountering problems with your site. It seems like some of the written text within your posts are running off the screen. Can somebody else please comment and let me know if this is happening to them as well? This might be a issue with my internet browser because I've had this
    happen before. Cheers

    Feel free to visit my web blog; acsocial.tk

    ReplyDelete
  49. Wow, this post is fastidious, my younger sister is analyzing these things,
    therefore I am going to let know her.

    Here is my blog :: reparation fenetre pvc

    ReplyDelete
  50. Hi there! I just would like to give an enormous thumbs up
    for the great info you’ve gotten right here on this post.

    I might be coming back to your weblog for extra soon.


    my web blog watch golden boy tv show episode 1

    ReplyDelete
  51. Howdy! Тhis is kind of off tоρic but I
    need some guidаnce from an eѕtablished blog.
    Is it tough to set up your οwn blog? I'm not very techincal but I can figure things out pretty quick. I'm thinking аbοut makіng my own but I'm not sure where to begin. Do you have any tips or suggestions? Many thanks

    Have a look at my homepage ... porte de garage sectionnelle hormann prix

    ReplyDelete
  52. Good day! I just wish to give an enormous thumbs up for the good information you might have right
    here on this post. I shall be coming again to
    your blog for extra soon.

    My website :: semogue owners club 2 band brush

    ReplyDelete
  53. Hiya! I just wish to give an enormous thumbs up for the nice data you’ve right here on this post.
    I will likely be coming again to your blog for more soon.



    Here is my blog: seoul weather in november 2013

    ReplyDelete
  54. Hey! I simply would like to give a huge thumbs up for the good information you
    have here on this post. I will probably be coming again to your weblog for extra soon.



    My weblog: best plastic surgery clinic in toronto

    ReplyDelete
  55. Hi there! I simply want to give a huge thumbs
    up for the great info you’ve got here on this post.
    I might be coming back to your weblog for extra soon.


    My homepage: snsd seohyun yonghwa we got married

    ReplyDelete
  56. I am really inspired along with your writing skills and also with the layout for your weblog.
    Is this a paid theme or did you modify it your self? Anyway stay up the nice high quality writing, it is uncommon to look a nice blog like this one these days.
    .

    Here is my blog post - acid reflux remedies

    ReplyDelete
  57. Good day! I just wish to give an enormous thumbs up for the nice data you’ve gotten here on this post.
    I will be coming back to your weblog for extra soon.


    Review my blog ... sff 8088

    ReplyDelete
  58. Good day! I simply wish to give an enormous thumbs up for
    the nice information you’ve here on this post.
    I might be coming back to your blog for more soon.


    Feel free to surf to my web page: high school musical 2 ds download

    ReplyDelete
  59. Hello! I simply wish to give an enormous
    thumbs up for the good information you’ve gotten right
    here on this post. I will probably be coming again to your blog
    for more soon.

    Also visit my web page; semi automatic rifles for hunting

    ReplyDelete
  60. Hiya! I just would like to give a huge thumbs up for the nice data you have got here on this post.
    I will probably be coming back to your weblog for
    more soon.

    Check out my blog: seo rankings with google analytics

    ReplyDelete
  61. Good day! I simply would like to give a huge thumbs up for the nice info you might have
    right here on this post. I will probably be coming back to your blog for extra soon.


    Also visit my webpage - aeg semi integrated dishwashers

    ReplyDelete
  62. You really make it seem so easy with your presentation but I
    find this matter to be really something that
    I think I would never understand. It seems too complex and extremely broad for me.
    I am looking forward for your next post, I'll try to get the hang of it!

    Review my web page: http://socialcomputing.trojanifsc.net/spring2013/wiki/DomenicxdTolliveryg

    ReplyDelete
  63. This is a topic which is near to my heart... Thank you!
    Exactly where are your contact details though?

    Feel free to surf to my web blog :: master cleanse weight loss

    ReplyDelete
  64. Whats up! I just want to give an enormous thumbs up for the great
    information you have right here on this post. I will probably be
    coming again to your blog for more soon.

    Here is my blog :: semper fit mcbh class schedule

    ReplyDelete
  65. An outstanding share! I have just forwarded this onto
    a coworker who had been conducting a little homework on
    this. And he actually ordered me dinner due to the fact that I
    stumbled upon it for him... lol. So let me reword
    this.... Thanks for the meal!! But yeah, thanks for spending the time to discuss this matter here on your website.


    My web-site :: tarif porte de garage enroulable

    ReplyDelete
  66. This is a topic which is close to my heart... Thank you!
    Where are your contact details though?

    Here is my site - Master Cleanse Review *Www.Linkiamo.Com*

    ReplyDelete
  67. Hey there this is somewhat of off topic but
    I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I'm starting a blog soon but have no coding know-how so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

    My website; master cleanse weight loss ()

    ReplyDelete
  68. WOW just what I was looking for. Came here by searching for offer in compromise
    help

    my web-site :: Graco Magnum x5

    ReplyDelete
  69. I quite like reading through a post that can make men and women think.
    Also, many thanks for allowing me to comment!

    Feel free to surf to my web page - bleeding hemorrhoids

    ReplyDelete
  70. Hi, i feel that i noticed you visited my web site
    thus i came to go back the prefer?.I'm attempting to in finding issues to improve my site!I guess its ok to use a few of your ideas!!

    Feel free to visit my blog post; natural colon cleanse

    ReplyDelete
  71. Howdy! I simply would like to give an enormous thumbs up for
    the great information you’ve got right here on this post.
    I might be coming back to your weblog for extra soon.


    my web-site: how to contact the us embassy seoul korea from korea

    ReplyDelete
  72. Hey! This is my first visit to your blog! We are a group of volunteers
    and starting a new initiative in a community in the same niche.
    Your blog provided us beneficial information to work on.
    You have done a marvellous job!

    Feel free to visit my webpage detox diets

    ReplyDelete