Egmont group adds Ghana financial intelligence centre to its fold

Samuel T. Essel, CEO of GFIC with Ibrahim Lamorde, Chairman of Nigeria EFCC (R) 

Source: GIABA

The Ghana Financial Intelligence Centre (GFIC) has been admitted into the Egmont Group.

It is amongst the eight (8) new members and the only Financial Intelligence Unit (FIU) from GIABA member States admitted at the on-going 22nd Egmont Plenary holding in Lima, Peru.

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.