Showing posts with label terrorist financing. Show all posts
Showing posts with label terrorist financing. Show all posts

Friday, May 11, 2012

Journalists urge to collaborate with other organizations to fight against money laundering, terrorist financing


Journalists have been called upon to collaborate with other organizations involved in the fight against money laundering and terrorist financing to collectively ensure that appropriate measures are taken against the twin crimes in a more harmonized and concerted manner.
This is part of recommendations contained in a communiqué issued at the end of a 2-day interactive session for media executives and journalists in West Africa organised by the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), held from April 27 – 28 in Dakar, Senegal.
According to the communiqué, the 30 journalists and media executives from across the 15 member states of ECOWAS who attended the seminar, recommended that media practitioners should collaborate with organizations like Financial Action Task Force (FATF) - the global standard-setter for measures to combat money laundering, terrorist and proliferation financing; GIABA – an arm of ECOWAS established to fight money laundering and terrorist financing in West Africa, and similar organizations at national level.

The recommended collaboration will help to devise a common direction and means to articulate a more concerted regional approach to the fight against money laundering and financing of terrorism to put a stop to the amount of millions of dollars being laundered in the West African sub-region annually.

It was also recommended that journalists should frequently visit the GIABA website (www.giaba.org) and of FATF (http://www.fatf-gafi.org) to keep themselves abreast with ML/FT issues.

Tuesday, May 1, 2012

GIABA strengthen partnership with media to clean W/Africa of money laundering


 Intergovernmental Action Group against Money Laundering in West Africa (GIABA) has further strengthened its partnership with the media geared towards cleaning West Africa of the twin crimes of money laundering and terrorist financing.

The sub-regional institution has recently brought together media practitioners from various media houses within and outside the West African region at a seminar dubbed World Press Conference held from 27-28 April in Dakar, Senegal to re-orientate them about their complementary roles in creating a sub-region devoid of these transnational crimes which can potentially undermine the economic growth of sub-region if not properly check on time.

Dr. Abdullahi Shehu, director general of GIABA said the objectives of the World Press Conference includes to acquaint the media professionals about regional initiatives on Anti-Money Laundering and Counter Financing Terrorism (AML/CFT) framework, especially the mandate of GIABA in its sustained efforts to combat the twin crimes in the West African sub-region.