
Audio By Carbonatix
A two-day conference, which aims at ensuring that legislations on anti-money laundering in West Africa were reviewed and tightened to march with international standards, opened in Accra on Monday.The Ninth Inter-Governmental Action Group Against Money Laundering (GIABA) Technical Commission meeting has attracted members from the sub-region.During the meeting countries would be urged to set up State Financial Intelligence Units housed in central banks to process financial data on people engaged in suspicious monetary ventures.Opening the conference Dr Sam G. Amoo, National Security Coordinator, said Ghana was committed to implement laws that would fight money laundering.Dr Amoo said Ghana's anti-money laundering bill had received presidential accent adding that the government had set up Financial Intelligence Centre that would handle data and coordinate activities on money laundering.He said this was to ensure that people would not have their free way and use the country as transit point for their operations.Dr Amoo said Ghana was also reviewing its legislation on money laundering to deter recalcitrant citizens from engaging in such activities.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Prudential Life settles GH¢100,000 medical bills under its PRUCares Valentine Experience Initiative
2 hours -
Wa West Picnic: Peter Lanchene Toobu champions peace, health and unity in landmark celebration
3 hours -
Dr Mensah Market flooded after downpour in Kumasi
3 hours -
Armed men reportedly storm Adjen Kotoku Onion Market amid tensions
4 hours -
Tecco Mensah writes: Why football fans must look beyond statistics
4 hours -
Police recover stolen Honda CR-V in Kumasi within 48 hours
5 hours -
Apetorku Gbodzi 2026 Festival opens in Dagbamete with development focus
5 hours -
President Mahama arrives in Lyon to co-chair One Health Summit
5 hours -
Beverly View Plus Hotel draws crowds amid coastal Easter rush in Volta
5 hours -
Maiden Zongo Festival held in Wa amid calls to tackle drug abuse among the youth
6 hours -
FDA warns of fake HIV test kits on Ghanaian market
6 hours -
Africa urged to build resilient health systems as donor support tightens
6 hours -
Easter gesture: Ablakwa settles medical bills for 85 North Tongu constituents
8 hours -
Africa must harness its population strength—Titus-Glover
8 hours -
Visa-free access doesn’t mean unlimited stay – Lom Ahlijah
8 hours