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Fight against money laundering and terrorist financing: The GIABA Ministerial Committee held its 23rd meeting in Lomé

27/05/2021
Categories: Economy/Forex

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The 23rd meeting of the Ministerial Committee of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) was launched on Saturday, May 22, in the presence of various personalities from the world of finance, justice, security and diplomats. Following the 35th plenary meeting of the technical commission of the community institution, the GIABA ministerial committee r& eacute; united for the 23rd meeting. The ministerial committee examined and adopted, among others, the activity reports of the Director General, the subcommittee on the revision of the GIABA Statutes, the reports of the April 2021 Extraordinary Plenary and the 35th meeting of the Technical Commission. He also ruled on the second-cycle mutual evaluation report of the Republic of Benin, the memorandum on the program to improve the effectiveness of GIABA initiated by the FATF: involvement for member states and the role of the Ministerial Committee, as well as the report of the ministerial committee meeting

.

The Minister of Finance of the Republic of Ghana, Chairman of the Ministerial Committee, Kennet Ofori-Atta reiterated the committee's commitment to supporting GIABA and West African countries in the face of money laundering that weakens economies and its corollary of terrorist financing. The Director General of GIABA, Kimelabalou Aba, indicated that the mutual evaluation and monitoring processes and procedures aim to assess the implementation and effectiveness of laws, regulations or other measures required

by the fundamental criteria.
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