FATF takes Ghana off list of EU’s money laundering, terrorism financing list


The Financial Action Task Force (FATF) has removed Ghana from the list of high risk, third world countries with strategic deficiencies in anti-money laundering and countering of terrorism financing after a review by FATF in February this year.

In its latest report on Friday, June 25, FATF noted that Ghana has strengthened the effectiveness of its regime of anti-money laundering and countering terrorism financing “and addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in October 2018”.

“Ghana is therefore no longer subject to the FATF’s increased monitoring process.

“Ghana will continue to work with GIABA to improve further its AML/CFT regime.”

By Laudbusiness.com|Ghana



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