Ghana Is Determined To Freeze And Prosecute Money Launderers


The Attorney-General and Minister of Justice, Madam Marrietta Oppong–Brew, has given a strong indication that the country will not relent in dealing with people found culpable in the money laundering and financing of terrorism.

According to her, the Government of Bank, has always demonstrated a strong resolve to ensure that a robust and resilient Anti -Money Laundering and Countering Financing Terrorism (AML/CFT) regime is established in the country.

She said, the high level of political commitment of Government has been recognized in almost all reports of FAFT on the country since 2009.
The Minister made this comment at a workshop under the auspices of the Ministerial Committee on Anti Money Laundering and Countering the Financing of Terrorism in collaboration with the World Bank in Accra.

Speaking on behalf of the Minister, Madam Cynthia Lamptey, she said in 2010 the Government of Ghana supported by GIABA organized a similar workshop to prepare the four-year National Strategy and Action Plan on Anti-Money Laundering and Countering the Financing Terrorism (AM/CFT) in urgent response to abysmal outcome of the Mutual Evaluation exercise conducted on the country by GIABA in 2009.

According to her, the mutual evaluation exercise sought to establish the compliance of Ghana in respect of then FAFT forty plus nine recommendations.

She said, the workshop was expected to draw up the blue print for the National Risk Assessment (NRA)is very timely not only because of the spate of the high incidence of insecurity in West Africa and the world as a whole which present as fertile ground for transnational organized crime including Money Laundering as well as terrorist financing but the outcome will also enable the country deploy its scarce resources to address critical segments of the economy.

She said the NRA exercise is the foundation being laid will put Ghana in a better stead for the next round of mutual evaluation that would be conducted in 20016, o the basis of assessing the effectiveness or measurable achievements made as a result of AM/CFT measures of the country.
She admonished the members of the Inter-Ministerial Committee to work assiduously to help remove the country from FATF public Statement.

She maintained that the International Cooperation Review Group of FAFT conducted an on -site visit to Ghana in January 2013 and confirmed that the country had addressed the outstanding strategic deficiencies leading to the permanent removal of Ghana from the monitoring process of FAFT.

On his part, Samuel Thompson Essel, the Chief Executive Officer (CEO) Financial Intelligence Centre (FIC) appealed to the participants to assist Ghana come out with a blueprint that meet the 2016 evaluation process.

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