ABOUT GIABA
Mission and Vision
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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. It is also a FATF-Styled Regional Body (FSRB) working with its member States to ensure compliance with international AML/CFT standards.
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.