Training for preventive measures on money laundering underway

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The Financial Intelligence Unit (FIU) of The Gambia under the support of Strengthening Anti-Money Laundering Capacities in West Africa (SAMWA), in collaboration with Inter-Governmental Action Group against money laundering in West Africa (GIABA), have started a training for preventive measures on money laundering.

The training started yesterday at a local hotel in Senegambia.

Alagie Darboe the director of financial intelligence unit and GIABA national correspondent explained that this is the second session of a series of training programs organised by FIU on money laundering.

 He said the project is funded by the European Union in collaboration with GIABA, with the aim of improving the Anti-Money laundering and counter financing of terrorism regimes in West African states.

He added that the mandate of the FIU of The Gambia, as provided in the anti-money laundering and combating of terrorism financing Act 2012, is to combat money laundering, terrorism financing and other criminal conduct.

“In order to achieve the objective, it is crucial for all the stakeholders to contribute their quarter by ensuring that they have appropriate policies and procedures in place by adopting best practices,” he added.   

Dr. Seeku AK Jabbi, first deputy governor, Central Bank of The Gambia expressed delight for seen high level of participation from various financial institutions to build human resource capacity on issues relating not only domestic, regional but global challenge of money laundering and terrorist financing on behalf of key stakeholders in the country.

He said he has no doubt that this training will help boost capacities of participants in combating money laundering, terrorism financing and other related economic and financial crimes.

“Harmonising the implementation of preventive measures on money laundering and terrorism financing is quite relevant and timely to have a common understanding of the comprehensive national anti-money laundering regime.”





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