Fight against money laundering and terrorist financing in the greater Horn of Africa

The aim is to go through different administrations in relation to fighting against money laundering and terrorist financing in the area. In that respect, by organising national or regional forums, CIVIPOL raises awareness and strengthens the financial sector (bank and regulatory bodies) and provides technical assistance for the development of Financial intelligence units in the area. We are also working to raise public awareness of cash-oriented financial institutions (e.g. exchange companies, money transfers).

Simultaneously, we are participating in the reinforcement of the strategic orientations of capacities and of the player’s cooperation with the criminal justice system (anti-terrorist prosecutors and judges).We are also working on the elaboration of an efficient penal chain from the security forces and Financial intelligence units through to the judicial sphere in order that the financial intelligence collected could result in convictions and asset recovery in an effective way.

Throughout the project, CIVIPOL has set up a training programme for the whole staff of all the administrations fighting against money laundering and terrorist funding in the region. This selective and progressive programme has already evaluated and trained about a hundred professionals from all the countries in the area in order to sustain competences of the beneficiary country once the project completed.

In order to optimize the fight against money laundering and terrorist financing, a study of the financial intelligence units in the region has been set up bring them up to modern standards and launch areas for improvement in terms on their functioning.

Also, a study on the informal economy and on financial institutions’ focus on liquidity was launched in order to make a state of the art of current practices in the region and to fight effectively against those mechanisms facilitating the laundering and the terrorist funding.

https://hoa-amlcft.eu/