West African Universities Hold Speech Competition On Money Laundering

Source: Modernghana.com

The maiden inter-universities speech contest on Impact of Money Laundering/Terrorist Financing (ML/TF) on Economics of West Africa, organized by the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), was held last week in Accra.

Ibadan university female student wins money laundering speech contest

All five contestants

Source: Globalnewsreel.com

An Ibadan University student of Communication and Language Arts, Ms. Omeghie Oluwadamilola Okoyomoh, was last Friday adjudged winner of the maiden Inter-Governmental Action Group against Money Laundering in West Africa (GIABA’s) Inter-Universities Speech contest in Accra.

Nigerian girl wins W/Africa speech contest

Ms. Omeghie Okoyomoh receives her certificate from Roy Melnick

Source: Sundaytrust.com.ng

Miss Omeghie Oluwadamilola Okoyomoh, a student of communication at the University of Ibadan has emerged winner of the maiden Inter-Universities Speech contest organized by Inter-Governmental Action Group against Money Laundering in West Africa (GIABA).

GIABA tests students' knowledge on AML/CFT

Dr. Abdullahi Shehu

Source: Globalnewsreel.com

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is organizing Inter-Universities Speech Contest on the Impact of Money Laundering and Terrorist Financing on West African Economies on the theme: “The Youth Force and the Fight against Corruption and Money Laundering in West Africa” at the Christ The King Parish Hall, opposite Flagstaff House (the office of the President), Cantonments, Accra, Ghana on December 13, 2013.

Lagos: GIABA To Train Financial Institutions On Revised Anti-Money Laundering Standards

GIABA Director-General, Dr. Abdullahi Shehu

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will organize a regional training for financial and regulatory institutions on the revised FATF Recommendations. The workshop will hold on 28-29 August 2013 at the Eko Hotel and Suites, Lagos, Nigeria.

Report, Expose Corrupt Judges — Ghana’s Chief Justice Urges Public

Participants and dignitaries in a group photograph

Source: ModernGhana.com

The Chief Justice of Ghana, Mrs. Georgina Theodora Wood, has urged the general public including court officials and whistle-blowers to report and expose any judge who uses his or her high office to engage in corrupt practices to face full rigours of the law.

Corrupt Judges Must Be Imprisoned

Dr. Abdullahi Shehu with Chief Justice Georgina Wood

Source: Globalnewsreel.com

The promotion of accountability and discipline in the judiciary has called for ruthless prosecution, imprisonment and onward removal from office, judges who are found guilty of corrupt practices in their jurisdictions.

Full Statement Of Ghana's Chief Justice On Corrupt Judges

Chief Justice Georgina Theodora Wood

Source: ModernGhana.com

Key Note Address, Delivered By Her Ladyship, The Chief Justice Of Ghana Mrs. Georgina T. Wood On The Topic:

'The Role Of Judges In The Prevention And Control Of Corruption, Money Laundering And Terrorist Financing'

AT THE M-PLAZA HOTEL, ACCRA - GHANA

ON 22 JULY 2013

Prosecute corrupt judges – Chief Justice

Mrs Justice Georgina Theodora Wood

Source: Daily Graphic

The Chief Justice, Mrs Justice Georgina Theodora Wood, has recommended the prosecution, imprisonment and removal from judicial office of judges who are found to be corrupt.

Chief Justice Warns Errant Judges

Chief Justice Mrs. Theodora Wood

Source: GNA

Mrs Justice Georgina Wood, Chief Justice, on Monday warned that the  judiciary authorities would not hesitate to remove errant judges who use their position to engage in unwholesome acts that undermine the sanctity of the state.

Judges Must Declare Their Assets Periodically - Chief Justice

Her ladyship Mrs. Theodora Georgina Wood

Source: Peacefmonline.com

Ghana’s Chief Justice, Her ladyship Mrs. Theodora Georgina Wood, has urged judges in West Africa including Ghana to declare their assets just as public sector workers do.

West African Judges To Train On Terrorist Financing

Dr. Abdulla Shehu, GIABA Director-General

The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is set to organize a five-day regional capacity building seminar for West African judges in Accra from July 22 to 26.

The Global Cost of Anti-Money Laundering Compliance

This first edition of The Global Cost of Anti-Money Laundering Compliance survey was conducted to provide a global benchmark on how Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance costs are impacting financial institutions and to better understand the budgetary challenges they face in light of increased regulation.

Press release: $1.6 trillion lost in illicit fund in 2006

Dr Abdullahi Shehu, GIABA's Director-General

Source: Globalnewsreel.com

It is asserted that developing countries lost about US$858.6 billion - $1.6 trillion in illicit financial flows in year 2006, a situation that became necessary to fight the menace of money laundering towards promoting democracy, good governance, as well as international peace and security.

Ghana: National security deputy, 3 others arrested over tax malpractices

The deputy director of the National Security and three other officers of the Custom Excise and Preventive Division of the Ghana Revenue Authority at the Tema port have been arrested in connection with some tax malpractices against the state.

Cabinet approves anti-terrorism amendment law

Mr Ibrahim Murtala Mohammed, a Deputy Minister of Information and Media Relations, on Monday said Cabinet had approved the Anti-Terrorism Amendment Act and forwarded it to Parliament for subsequent approval.

Prez Mahama Affirms Government’s Commitment To Fighting Money Laundering

President John Dramani Mahama

Source: Peacefmonline.com

President John Dramani Mahama has reaffirmed Ghana’s commitment of fighting money laundering and terrorism financing.

GIABA Calls For Integrated Approach To Combat Terrorism

Dr. Abdullahi Shehu (R), Director-General of GIABA

Source: GIABA Secretariat

Director General (DG) of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), Dr. Abdullahi Shehu has called on national, regional and international actors to close ranks in order to effectively fight the menace of terrorism in Africa.

Terrorism Financing Goes Beyond Mutual Evaluation Reports – FATF Boss

Vladimir Nechaev

By Patrick Baidoo with additional file from Globalnewsreel.com

(Coordinator, AML Journalists Network – Ghana)

Vice-president of the Financial Action Task Force (FATF), Vladimir Nechaev has advised its member States and regional styled bodies not to rely solely on the adoption of Mutual Evaluation Reports (MER) in determining that their financial systems are money laundering and terrorism financing compliant.

West Africa must work closely with allies to counter money laundering

Gen. Gowon (R) presents GIABA's reports to President Mahama

Source: Globalnewsreel.com

Former Nigeria Head of State, Gen. Yakubu Gowon said it has become very crucial for the West African sub-region to work closely with key allies in the fight against money laundering and financing of terrorism.

Ghana Remains Resolute To Fighting Money Laundering - Prez Mahama Assures

The High Table Takes Salute From The Police Band

Source: Modernghana.com

Ghana's President John Dramani Mahama has pledged strong political commitment to fighting the menace of trans-national organized crimes within the country and the ECOWAS sub-region at large.

Let’s fight terrorism, money laundering - Mahama

Source: Daily Graphic

President John Dramani Mahama has called on governments in West Africa to collaborate in their efforts  to fight money laundering and terrorism financing in the sub-region.

Charge Financial Offenders with Severe Counts – Ghana’s Justice Minister

Group photograph of dignitaries at the 19th GIABA plenary

By Patrick Baidoo

(Coordinator, AML - Journalists Network-Ghana)

“Various Financial Intelligence Centres across the West African sub-region must adopt the application of severe monetary counts for financial and economic crime offenders, when they are caught laundering money (ML), in the respective countries,” Ghana’s Attorney-General (A-G), Mrs. Marrietta Appiah Oppong has advised.

Meeting on money laundering combating underway

Source: Mohammed Saani Ibrahim, The Accra Times

The 19th Plenary Meeting of the Technical Commission of Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is being held in Accra under the theme: Stop Money Laundering and Terrorist Financing.

Ghana not complacent about delisting from FATF

Mrs. Marrietta Appiah Oppong

Source: Globalnewsreel.com

Ghana’s Attorney-General and Minister of Justice, Marrietta Appiah Oppong has indicated that the country is not complacent about its recent achievement of being delisted from the Financial Action Task Force (FATF) public statement.

Ghana Hosts GIABA Meeting

Source: GNA

Ghana is currently hosting the 19th Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) Technical Commission/Plenary and 12th GIABA Ministerial Committee meeting in Accra.

The three-day GIABA Plenary meeting is a platform for the Economic Community of West Africa States (ECOWAS) to share experiences and discuss relevant issues that require a concerted, collective and harmonise approach in the implementation of a robust anti-money laundering and countering of financial terrorism regimes in the region.

Ghana Loses Over $2.8 Million Dollars Through Money Laundering - GIABA

Dr Abdullahi Shehu

Source: Peacefmonline.com

The Director-General of the Inter-Governmental Action Group against Money Laundering in West (GIABA), Dr Abdullahi Shehu, has lauded politicians in Ghana for showcasing their commitment to ensure money laundering is completely uprooted in the country.

Gov't To Consider Establishment Of Special Control Unit On Money Laundering

Marrietta Brew Appiah Oppong

Source: Peacefmonline.com

Minister of Justice and Attorney General, Mrs Marrietta Brew Appiah Oppong has asked her ladyship Mrs. Georgina Theodora Wood, the Chief Justice, to issue a ‘practice direction’ on measures to expedite the trial of money laundering and the financing of terrorism offenses in the country.

FATF, GIABA Combats Proliferation of Weapons of Mass Destruction – DG

GIABA’s Director-General, Dr. Abdullahi Shehu

Source: Patrick Baidoo

(Coordinator, Anti-Money Laundering Journalists Network-Ghana)

The Financial Action Task Force (FATF) has tasked its member States to put in place all the necessary regulatory and legal frameworks that will abhor activities and monetary transactions that leads to the creation, promotion and proliferation of all kinds of weapons of mass destruction.

Ghana Makes Giant Strides In Efforts To Combat Money Laundering

Dr. Abdullahi Shehu (L) with Deputy Finance Minister Ato Forson

Source: Modernghana.com

The Chief Executive Officer of Ghana's Financial Intelligence Centre (FIC), Mr. Samuel Thompson Essel, has revealed that Ghana has made enormous strides in efforts to stop the activities of money launderers who have tried to disguise the origin of illegal funds into Ghana.

ECOWAS To Criminalize Weapons Of Mass Destruction

GIABA’s Director-General, Dr. Abdullahi Shehu

Source: Globalnewsreel.com

Chalking some feats in the fight against money laundering and terrorist financing in the West African sub-region, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is yet to engage in another battle.

GIABA Organizes 19th Plenary Meeting of Technical Commission in Accra

Dr Abdullahi Shehu

The Intergovernmental Action Group against Money Laundering in West Africa (GIABA), will organize the 19th Plenary Meeting of its Technical Commission from 7 to 10 May 2013 in Accra, Ghana.