scrutiny of the International Monetary Fund (IMF), the Guinean government is strengthening its fight against money laundering. A few weeks ago, Alpha Condé fulfilled one of the requirements of the Washington-based institution, which is also one of its

Criterion for obtaining new aid: comply with the conditions of the IMF, including the fight against money laundering. The Guinean economy is vulnerable to the risks of money laundering and corruption due, among other things, to the significant capital drained by the mining sector or its position as a hub for drug trafficking

Prime Minister Ibrahima Kassory Fofana had to prove to the International Monetary Fund his progress in fighting financial crime. In early April, the National Assembly unanimously adopted the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) law

The bill was in fact developed with the IMF, which had also trained Guinean officials to combat these illegal activities, in 2018 and 2019. Prime Minister Ibrahima Kassory Fofana, Minister of Economy Mamadi Camara and Governor of the Central Bank of the Republic of Guinea (BCRG) Louncény Nabé are also preparing for the next evaluation of the Financial Action Task Force (FATF), scheduled for 2022