FATF-STYLE REGIONAL BODIES ORGANISED TYPOLOGIES AND CAPACITY BUILDING WORKSHOP ON MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENTS
A 4-day Typologies and Capacity Building Workshop was organised by four (4) Financial Action Task Force-Style Regional Bodies (FSRBs) – MENAFATF, ESAAMLG, GABAC and GIABA – in Rabat, Morocco, from 22 to 25 January 2018.
The event, which is the first joint Middle East and Africa Typologies and Capacity Building workshop, was held under the patronage of His Majesty, King Mohamed VI of Morocco, in collaboration with the Moroccan Financial Information Processing Unit (UTRF).
The objective of the workshop was to share knowledge and experiences on emerging money laundering and terrorist financing risks, trends and methods. The workshop also covered national money laundering and terrorist financing risk assessments.
The workshop, attended by more than 260 participants from 50 countries across the Middle East and Africa, agreed and adopted “The Rabat Recommendations on Anti-Money Laundering and Combating the Financing of Terrorism in the Middle East and Africa”.
The workshop focused on Understanding the inherent ML/TF Risks and the Smuggling of Goods, Money Laundering through the Real Estate Sector, Terrorist Financing Risks, Financial Flows from Human Trafficking, Professional Money Laundering Networks, amongst other issues.
The outcomes of the workshop will serve as inputs to ongoing research work by the 4 FSRBs and will be communicated to relevant bodies.
In a communique issued at the end of the workshop, participants adopted the following recommendations:
- Intensify efforts to combat terrorist financing in a collaborative manner and harmonize the actions of all stakeholders;
- Promote and sustain cooperation between the four FSRBs, especially through participating in each other’s activities, including plenary meetings where issues of considerable importance to AML/CFT are discussed;
- Set up a framework to conduct typologies and other research studies on ML/TF that are of mutual interest and benefits;
- Organize, on a regular basis, capacity building and experience sharing events in order to sustain this first joint initiative;
- Promote exchanges and visits among AML/CFT officials of member countries of the four FSRBs to share knowledge and experiences.
Delegates expressed their profound gratitude for the High Patronage of His Majesty, King Mohammed VI, stressing that the hospitality extended to them was a clear demonstration of the commitment of His Majesty, the Government and people of Morocco to promoting international cooperation and strengthening ties between the Middle-East and Africa.