Workshop on anti-money laundering, counter-terrorist financing begins in Abuja

Participants at a regional workshop on developing frameworks against money laundering in NPOs, organised by GIABA in Abuja

The West African agency responsible for coordinating ECOWAS’ response and actions against money laundering and terrorist financing, GIABA, has commenced a three-day workshop in Abuja. The regional workshop which is being attended by fifty participants and experts drawn from the 15 GIABA member countries of ECOWAS was organized by the Inter-Governmental Action Group against Money Laundering in West Africa  (GIABA).

The theme of the workshop is ‘Developing Effective Frameworks and Structures to Fight Money Laundering and Terrorist Financing through Non-Profit Organizations (NPOs)’.

In his welcome address, the Director of Nigerian Financial Intelligence Unit and GIABA national correspondent, Mr Francis Usani, reiterated Nigeria’s commitment to the implementation of legislative and regulatory measures to ensure that NPOs are not used for the purpose of financing terrorist activities.

On his part, the GIABA director general, Mr Kimelabalou Aba said the event seeks to create a platform for in-depth reflection on best practices, establish a consensus and encourage cooperation and collaboration in order to prevent the abuse of NPOs for terrorist purposes.

He said the workshop  would also sensitize and develop a common understanding among stakeholders, support to build effective and proportionate responses to terrorist financing risks through the NPO sector; identify the legal and regulatory gaps at domestic level in the region; and to enhance cooperation, coordination and commitment at national level between Governments and the NPO.