How much do you know about Money Laundering and terrorism financing? Are you aware of the different stages in which these crimes occur, and the actors in this criminal circle?
Responding to these questions and more is the responsibility of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), a specialized institution of the Economic Community of West African States.
Established in 2000 with its headquarters in Dakar, Senegal, GIABA consists of 17 member states.
The institution is responsible for facilitating the adoption and implementation of Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in West Africa.
Our guest this morning is Dr Jeffery Isima, Director of Evaluation and Compliance at GIABA.
He speaks to WADR about some of the challenges his organization faces in carrying out its mandate nearly 2 decades since its inception.
He first explains the current trend of money laundering across West Africa.