GIABA to hold Seminar on Anti-Money Laundering and Financing of Terrorism

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Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), a specialized Institution of ECOWAS, will hold a two-day National Sensitization Seminar on Anti-Money Laundering (AML) and Combating Financing of Terrorism (FT).  

The programme scheduled for 18th – 19th July, 2018 at the M Plaza Hotel in Accra, Ghana is targeted at religious leaders and financial Institutions across the West Africa sub-region.

According to a statement signed by the Communication Assistant of GIABA, Usman Muhammad, the broad objective of the seminar is to raise the awareness level of religious leaders on their role in the fight against AML/TF.

Other key objectives include building strong partnership with Faith Based Organizations (FBOs) in AML/FT; promoting understanding of GIABA’s mandate; and agreeing on actionable points to curb violent extremism and promote peaceful co-existence in the society. 

Mr Muhammad explained that the fight against ML/TF is a collective responsibility of all stakeholders towards protecting the economies and financial systems from the laundering of proceeds of crime. He said GIABA recognizes the valuable contribution of religious leaders as guardians of faith and the tremendous way their institutions hold among their followers.

Fundamentally, one of GIABA’s strategic goals is the promotion of strategic partnerships with the private sector, civil society and other key stakeholders. This is aimed at increasing awareness of ML/TF in order to empower citizens to take action. Recognizing the role of religious leaders in Preventing Violent Extremism (PVE) and promoting the religious dimension of intercultural dialogue. He noted.

It stated that the tasks of the leaders are to guide “vulnerable followers to reject violent ideologies”, promote “tolerance, understanding and reconciliation between communities.”

Some of the topics that will be discuss at the two day seminar include: The Role of Religious Leaders in Preventing Money Laundering and Terrorist Financing; Money Laundering and Terrorist Financing Risks and Vulnerabilities Associated with Religious Organizations; Religious Institutions as A Tool for Promotion of Peaceful Co-Existence; Risk of Terrorist Abuse in Non-Profit Organizations; and Promoting Tolerance and Preventing Violent Extremism.

Amongst top officials of Ghanaian authorities expected to grace the opening ceremony are: Most Rev. Professor Emmanuel Asante, Chairman of National Peace Council, Minister of Finance, Mr Ken Ofori-Atta, Minister of Justice and Attorney General, Gloria Afua Akuffo, Minister of Interior, Mr Ambrose Der, Minister of Chieftaincy and Religious Affairs, Mr Kofi Dzamesi, the Governor, Bank of Ghana, Dr. Ernest Addison, among others are expected to deliver the keynote and opening addresses, respectively.

The training will be delivered by technical experts and GIABA faculty involving presentations, and sharing sessions.

Source: Franklin SASRE-DONKOH

Writer’s email: franklin.asare-donkor@todaygh.com

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