THE GHANA ANTI-MONEY LAUNDERING JOURNALISTS NETWORK is a Chapter of the GIABA-ECOWAS NETWORK OF WEST AFRICAN JOURNALISTS AGAINST MONEY LAUNDERING
It was formed on Thursday, May, 27th 2010 at the Shehu Musa Yar' Adua Conference Centre in Abuja capital city of the Federal Republic of Nigeria during a GIABA world press conference and open house and interactive session with media executives from West Africa and other dignitaries from the sub-regional body.
It included senior editors and journalists from Ghana, Nigeria, Gambia, Senegal, Togo, Liberia, Sierra Leone, Cape Verde among other West African countries to form a regional media alliance to wage massive crusade against money laundering and terrorism financing.
It is meant to empower journalists and media practitioners to crusade against trans-national organized crimes.
The aim of the media network is to recognize the crucial role of the media in the fight against money laundering and financing of terrorism hence building the capacity of journalists to report well on issues pertaining to money laundering and terrorism financing.
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) was established by the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government in the year 2000.
The creation of GIABA is a major response and contribution of the ECOWAS to the fight against money laundering.
GIABA is a specialized institution of ECOWAS that is responsible for strengthening the capacity of member states towards the prevention and control of money laundering and terrorist financing in the region. Apart from member states, GIABA grants Observer Status to African and non-African States, as well as Inter-Governmental Organizations that support its objectives and actions and which have applied for observer status.
The following organizations are also eligible for observer status within GIABA: the Central Banks of Signatory States, regional Securities and Exchange Commissions, UEMOA, Banque Ouest Africaine pour le Développement (BOAD), the French Zone Anti-Money Laundering Liaison Committee (Conseil Régional de l'Epargne Public et des Marchés Financiers), the African Development Bank (ADB), the United Nations Office on Drugs and Crime (UNODC), the World Bank, the International Monetary Fund (IMF), the FATF,Interpol, WCO, the Commonwealth Secretariat, and the European Union.
In 2007, Observer status was granted to the Egmont Group and the Republic of Sao Tome and Principe.
The Mission of GIABA is to:
• Protect the national economies and the financial and banking systems of signatory States against the proceeds of crime and combat the financing of terrorism;
• Improve measures and intensify efforts to combat the proceeds from crime;
• Strengthen cooperation amongst its members;
• Combat the laundering of proceeds from crime and financing of terrorism;
• Ensure harmonized and concerted adoption of appropriate measures to combat money laundering and the financing of terrorism;
• Evaluate through self evaluation and mutual evaluation according to the FATF procedure, progress and the efficacy of measures;
• Encourage any other African States to join GIABA.
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) was established by the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government in the year 2000.
The creation of GIABA is a major response and contribution of the ECOWAS to the fight against money laundering.
GIABA is a specialized institution of ECOWAS that is responsible for strengthening the capacity of member states towards the prevention and control of money laundering and terrorist financing in the region. Apart from member states, GIABA grants Observer Status to African and non-African States, as well as Inter-Governmental Organizations that support its objectives and actions and which have applied for observer status.
The following organizations are also eligible for observer status within GIABA: the Central Banks of Signatory States, regional Securities and Exchange Commissions, UEMOA, Banque Ouest Africaine pour le Développement (BOAD), the French Zone Anti-Money Laundering Liaison Committee (Conseil Régional de l'Epargne Public et des Marchés Financiers), the African Development Bank (ADB), the United Nations Office on Drugs and Crime (UNODC), the World Bank, the International Monetary Fund (IMF), the FATF,Interpol, WCO, the Commonwealth Secretariat, and the European Union.
In 2007, Observer status was granted to the Egmont Group and the Republic of Sao Tome and Principe.
The Mission of GIABA is to:
• Protect the national economies and the financial and banking systems of signatory States against the proceeds of crime and combat the financing of terrorism;
• Improve measures and intensify efforts to combat the proceeds from crime;
• Strengthen cooperation amongst its members;
• Combat the laundering of proceeds from crime and financing of terrorism;
• Ensure harmonized and concerted adoption of appropriate measures to combat money laundering and the financing of terrorism;
• Evaluate through self evaluation and mutual evaluation according to the FATF procedure, progress and the efficacy of measures;
• Encourage any other African States to join GIABA.
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