Tag: Anti Money Laundering
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Ghana to be removed from EU’s money laundering list
The European Union (EU), has announced plans to take off Ghana from its list of countries noted for money laundering and terrorism financing. This decision is said to have been arrived at during President Nana Akufo-Addo’s two-day working visit to Brussels, Belgium, a statement from the Jubilee House said. “The European Union acknowledged the efforts…
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Parliament passes Anti-Money Laundering Bill 2020
The Anti Money Laundering Bill has been passed by Parliament. The Bill when assented to by the President is expected to plug the holes in the existing anti-money laundering regulatory framework and make it more responsive to international standards. Earlier this year, the EU Commission listed Ghana among 12 countries which now pose significant threats…
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Money laundering breaches: Ghana can meet FATF’s deadline – Kwaku Duah
The Head of the Financial Intelligence Centre, Kwaku Duah, believes Ghana is in the position to correct and address all deficiencies that puts the country on the money laundering radar. The European Commission on 7th May 2020 cited Ghana as one of four African countries listed by the European Union for money laundering breaches. The…
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EU’s blacklisting of Ghana over money laundering breaches flawed – Finance Ministry
The Ministry of Finance has described the decision of the European Commission to blacklist Ghana over money laundering breaches as unfortunate. According to the Finance Ministry, the methodology used by the European Commission was flawed, as it failed to communicate with Ghana concerning shortcomings that needed to be improved. The European Commission on 7th May…
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Ghana moves up in latest anti-money laundering ranking
A new anti-money laundering and terrorist financing report published by Swiss-based Basel Institute of Governance has seen Ghana moving up six places. Last year, Ghana ranked 66th out of 125 countries in the Anti Money Laundering Index. But with a score of 5.29, the country jumped to 60th position in the latest rankings released by…