Inter-Governmental Action Group against Money Laundering in West Africa

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is a specialised institution of the Economic Community of West African States responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in West Africa. It is also the FATF Style Regional Body (FSRB) in West Africa and works with states in the region to ensure compliance with international AML/CFT standards. GIABA was established in 2000 and has its headquarters in Dakar, Senegal. GIABA consists of 15 member states.

GIABA Members[edit]

The members of GIABA as at January 2013 are:

GIABA Observers[edit]

GIABA grants Observer Status to African and non-African States, as well as Inter-Governmental Organizations that support its objectives and actions and which have applied for observer status.

The following organizations are also eligible for observer status within GIABA: the Central Banks of Signatory States, regional Securities and Exchange Commissions, UEMOA, Banque Ouest Africaine pour le Développement (BOAD), the French Zone Anti-Money Laundering Liaison Committee (Conseil Régional de l'Epargne Public et des Marchés Financiers), the African Development Bank (ADB), the United Nations Office on Drugs and Crime (UNODC), the World Bank, the International Monetary Fund (IMF), the FATF, Interpol, WCO, the Commonwealth Secretariat, and the European Union.

In 2007, Observer status was granted to the Egmont Group and the Republic of Sao Tome and Principe.[1]

FATF-style regional bodies[edit]

GIABA is one of a number of FATF-style regional bodies which include:

APG (Asia/Pacific region)

CFATF (the Caribbean)

EAG (Central Asia)

ESAAMLG (Eastern and Southern Africa)

GAFISUD (South America)

MENAFATF (Middle East and North Africa)

Moneyval (Europe)

External links[edit]

References[edit]

  1. ^ http://www.giaba.org/about-giaba/index_656.html