Interior Minister calls for strengthening of Anti-Money Laundering laws

The Minister for the Interior, Mr Mohammed Mubarak Muntaka, has called for the strengthening of Ghana’s anti-money laundering laws to prevent illicit financial transactions.

The Anti-Money Laundering Act, 2020 (Act 1044), comprises regulations and laws that set stringent compliance requirements for banks, insurance companies, and other financial institutions to detect, report, and prevent illegal transactions.

Speaking at a meeting with the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) and the Financial Intelligence Centre (FIC) on Friday, Mr Muntaka called for greater collaboration between stakeholders to achieve the desired outcomes.

He emphasised the Government’s commitment to supporting GIABA’s efforts in maintaining a safe and secure financial environment.

Mr Edwin Harris, Director-General of GIABA, who led the delegation, acknowledged Ghana’s active participation in the group’s operations and encouraged continued collaboration.

He noted that Ghana had made significant progress in strengthening its anti-money laundering regime, particularly with the passage of the Anti-Money Laundering Act, 2020 (Act 1044), to ensure greater transparency in financial transactions.

Source: myjoyonline.com

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Szarlot

I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry.

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Szarlot

I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry.