24th Meeting of College of Supervisors of West African Monetary Zone (CSWAMZ): GIABA Director General Expected in Freetown
On the invitation of the West African Monetary Institute (WAMI), the Director General of GIABA, Colonel Adama COULIBALY, will be participating in the 24th Meeting of the College of Supervisors of the West African Monetary Zone, in Freetown, Sierra Leone, from 6th to 10th February, 2017.
During this meeting, the Director General will make a presentation on compliance with Anti-money Laundering and Combatting the Financing of Terrorism (AML/CFT) Standards and Monetary Integration in the West African Monetary Zone (WAMZ).
As a seasoned Expert in combatting financial crime, he will provide an update on the AML/CFT regulation through a review of the WAMZ Member Sates’ compliance level with the Revised Recommendations of the Financial Action Task Force (FATF). This input is supposed to provide an opportunity for supervisors of financial institutions to take ownership of the emerging issues and challenges of AML/CFT.
Finally, Colonel Adama COULIBALY will seize this opportunity to explore avenues and means of strengthening partnership between GIABA and the College of Supervisors, particularly in conducting more effective sensitization campaigns for AML/CFT stakeholders in the private sector and adequate training for Supervisors and Regulators of AML/CFT regimes in member States.
Established in 2003, the West African Monetary Zone (WAMZ) comprises The Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone. It is mandated to ensure the proper coordination of Member States’ economic policies and conduct regional economic policies in an economically liberal environment.