GIABA to Engage Gov’t On Fight Against Money Laundering, Terrorist Financing

1
672
Justice Kimelabalou Aba, DIrector-General, GIABA

— Sends a high-level advocacy mission to Liberia

The Director-General of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), Justice Kimelabalou Aba, is expected to pay a high-level Advocacy Mission to Liberia in fulfillment of the 33rd GIABA Technical Commission and Plenary directives to engage the Liberian Government on its commitment to the global fight against money laundering and terrorist financing.

GIABA is an institution of the Economic Community of West African States (ECOWAS) responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in West Africa. It is also a FATF-Styled Regional Body (FSRB) working with its member States to ensure compliance with international AML/CFT standards.

While in the country, the delegates will meet with President George M. Weah and other High Government Officials.

A statement quoting the Financial Intelligence Unit of Liberia (FIU), said the high-power delegation GIABA headed by its Director-General, members of the Secretariat and some Heads of Financial Intelligence Unit of member states namely, Nigeria, Ghana, and Burkina Faso are expected to visit Liberia from March 29 -31, 2021 for an advocacy mission.

“This advocacy mission is in fulfillment of the 33rd GIABA Technical Commission and Plenary directives, recommending the specialized body engagement with the political authorities of Liberia,” said FIU.

According to a recent communication from GIABA Director-General, Aba, the GIABA delegation visit is intended to meet and discuss with President George M. Weah and other high ranking government officials to include the Speaker, the Senate Pro-Tempore, Minister of Finance and Development Planning, the Minister of Justice, and the Executive Governor of the Central Bank of Liberia. 

FIU statement concluded, “The mission will discuss measures to strengthen Anti –Money Laundering and Terrorist Financing in Liberia, including the second round of Mutual Evaluations of Liberia, the pending legislations to include the Anti-Money Laundering and provisional Remedies of the Proceeds of Crimes Act of 2019, and the Financial Intelligence Agency Act of 2019 among other matters.”

1 COMMENT

  1. The article has extensive knowledge and is well organized. I have visited your website. It is very interesting and impressive. I enjoyed your post very much. Thanks for sharing such a great article with us. I want to come again. Please update.

LEAVE A REPLY

Please enter your comment!
Please enter your name here