Cybersecurity firm, e-Crime Bureau, has called for strict enforcement of all anti-money laundering regulations, to ensure Ghana is not included in future greylists over money laundering and terrorism financing.
Ghana was cited back in May 2020, in addition to a number of other countries, by the European Commission over money laundering and terrorism financing concerns.
All the listed countries were identified after a systematic assessment of the integrity of the EU financial system by the International Monetary Fund (IMF).
About a year since the country was put on the list, the European Union (EU) has announced plans to take Ghana off its list of countries noted for money laundering and terrorism financing.
This announcement followed a recent meeting between President Nana Addo Dankwa Akufo-Addo and the President of the European Council, His Excellency Charles Michel.
Speaking to Citi Business News on the situation, the Head of Technical Operations at e-Crime Bureau, Eric Kwaku Mensah said Ghana could reclaim a place on the list in the near future if the regulations against the funding of terrorist activities and money laundering are not strictly enforced.
“I must say that conscious effort was put in to get Ghana off the list. We addressed a lot of strategic deficiencies within our financial crimes or AML/CTF regime. As these things have been addressed it is very important that when it comes to supervision, and the enforcement of some of the regulations that have been passed, we ought to make sure we enforce them to make sure we are not flagged again and put back unto the grey list.”