Inter-Governmental Action Group against Money Laundering in West Africa (GIABA)

Presentation

GIABA is an institution of the Economic Community of West African States (ECOWAS) responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in West Africa.

 

 

Missions

The Mission of GIABA shall be to:

• Protect the national economies and the financial and banking systems of signatory States against the proceeds of crime and combat the financing of terrorism;

• Improve measures and intensify efforts to combat the proceeds from crime;

• Strengthen cooperation amongst its members;

• Combat the laundering of proceeds from crime and financing of terrorism;

• Ensure harmonized and concerted adoption of appropriate measures to combat money laundering and the financing of terrorism;

• Evaluate through self-evaluation and mutual evaluation according to the FATF procedure, progress and the efficacy of measures;

• Encourage any other African States to join GIABA.