GIABA organizes a regional typologies workshop on money laundering and terrorism financing linked to cybercrime in member states
GIABA will be organizing a Regional Typologies Workshop on Money Laundering and Terrorism Financing linked to Cybercrime in Member States in Abidjan, Republic of Cote d’Ivoire, from 20th to 22nd September 2021.
This event has been designed for regional stakeholders in Anti-money Laundering and Counter Financing of Terrorism (AML/CFT) issues of the relevant competent authorities. Representatives of Financial Intelligence Units (FIUs), members of the Risks, Trends and Methods Group (RTMG) and the Policy Review Group (PRG) as well as experts and representatives of FATF, UNODC, INTERPOL, GIZ and BCEAO will also participate in this workshop.
It should be noted that in most of the GIABA Member States, cybercrime has become a serious threat to the domestic economy that requires a consistent and collaborative response at the regional level. The inability of certain jurisdictions to fight against cybercrime threatens the security, stability and efficiency of governments, critical infrastructure, businesses and individuals in the region. Conscious of this complex challenges, GIABA intends to conduct this typology study with a view to improving the understanding of money laundering risks linked to cybercrime among GIABA Member States for the effective implementation of priority control actions.
Designed in the form of brainstorming, the workshop will be organized to discuss the major issues relating to cybercrime at both global and regional levels. The session will include presentations to be delivered by Member States’ representatives on the current cybercrime situation in their respective countries. The members of the Risks, Trends and Methods Group (RTMG) and Policy Review Group (PRG) will provide an overview of the implications of cybercrime for AML/CFT in GIABA Member States.
The workshop is expected to achieve the following outcomes: enhanced knowledge and understanding of the risks, trends, methods and techniques of laundering the proceeds of cybercrime in West Africa; a better understanding of the impact of cybercrime in the region; policy and operational recommendations proffered for the consideration of all stakeholders concerned in GIABA Member States, that could lead to the prioritization of interventions based on the various dimensions that will be identified by the study; a final report to be published in English, French and Portuguese and made available to the general public; and the approval of the report by the GIABA Plenary with a specific appeal to Member States to implement the recommendations.