Ghana seeks to address money laundering deficiencies

By William Nana Yaw Beeko (Network Organizer)

After being downgraded by the international Financial Action Taskforce (FATF) in the crusade against Money Laundering (ML) and Financing Terrorism (FT) activities, Ghana is seeking to redeem its image through the implementation of a robust Anti-Money Laundering (AML) Counter Financing Terrorism (CFT) compliance measures.

Financial institutions tasked to frustrate efforts of money launderers

Source: Globalnewsreel.com

The Director-General of the Inter-governmental Action Group Against Money Laundering in West Africa (GIABA), Dr. Abdullahi Shehu, on Wednesday charged financial institutions to map out strategies aimed at frustrating the efforts of miscreants who misuse the financial system to accrue illegal wealth.