GIABA’s Mission
GIABA is the 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. It is also the FATF Styled Regional Body (FSRB) in West Africa and works with states in the region to ensure compliance with international AML/CFT standards.
The Mandate of GIABA includes:
- • Development of Strategies to protect the economies of Member States from abuse and the laundering of the proceeds of crime;
- • Improvement of measures and intensification of efforts to combat the laundering of proceeds of crime in West Africa;
- • Strengthening of co-operation amongst its members.
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UK court begins hearing on confiscation of Ibori’s assets
THE British authorities will today begin the confiscation proceedings for the £50 million assets for which former Delta State Governor James Ibori was jailed on April 17.
Proceedings to strip him of the assets he acquired corruptly would begin in courtroom five at Southwark Crown Court this ....
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Past Events
GIABA to hold World Press Conference
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will hold a World Press Conference, bringing journalists and media executives from various media houses within and outside the West African region on 27-28 April, 2012, at Radisson Blu Hotel, Dakar, ....
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US, UK ex-KBR staff sentenced over Nigeria LNG plant bribery
Albert “Jack” Stanley, former Chief Executive Officer (CEO) of KBR, has been sentenced to 30 months in prison for bribery. He was sentenced to 30 months in prison for his role in a decade-long scheme to bribe Nigerian government officials to win $6 billion in contracts for a liquefied natural gas facility at Bonny ....
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Nigeria experimenting a cashless economy
Last year, the Central Bank of Nigeria (CBN) came up with the idea of cashless economy, saying that high dependence on cash for settlements has resulted in the inefficient allocation of resources and a low depth of financial intermediation. The CBN also frowned at the high usage of cash for settlements, which it said results in high costs for banks and other ....
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 Press Release
Reports
Annual Report, 2010
Mutual Evaluation Reports, November 2011
Typologies Report On Laundering The Proceeds Of Illicit Trafficking In Narcotic Drugs And Psychotropic Substances In West Africa
February 2011
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Nigeria experimenting a cashless economy ...
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