The European Commission will in June delist Ghana from the category of countries prone to money laundering and terrorism financing.
According to the Commission, Ghana has satisfied all the criteria needed to be removed from the list.
At a meeting between Ghana’s President Nana Addo Dankwa Akufo-Addo and the President of the European Council, Charles Michel, the European Union acknowledged the efforts Ghana has made in implementing the action plan of the International Country Risk Guide (ICRG) in record time.
The Commission, thus, congratulated Ghana for the reforms embarked on, as well as the sustainable, robust systems deployed towards being taken off the list.
It is expected that the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, will in June 2021, announce that Ghana has been taken off its list of high risk, third-world countries with strategic deficiencies in Anti-Money Laundering and Countering of Terrorism Financing.
Three other African countries were also blacklisted – Botswana, Mauritius and Zimbabwe.
The EU said under the Anti-Money Laundering Directive (AMLD), the Commission has revised its list, taking into account developments at the international level since 2018 and that the “new list is now better aligned with the lists published by the FATF (Financial Action Task Force).”
The other affected countries are The Bahamas, Barbados, Jamaica, along with Cambodia, Mongolia, Myanmar, Nicaragua, and Panama.
Source: Daily Mail GH