The Intergovernmental Working Group Against Money Laundering in West Africa (GIABA) is working to cut ties with sources of terrorist financing in Burkina Faso. Thus, in cooperation with the National Financial Information Processing Unit (CENTIF), the GIABA Secretariat is organizing a capacity building workshop for actors in the fight against money laundering and terrorist financing. The workshop will take place from 15-17 June 2022 in Ouagadougou.
If the impact of money laundering appears to be less understood by a part of the population, terrorism remains at least the phenomenon that affects the population most in West Africa, Burkina Faso in particular in terms of news. However, money laundering is one of the means that fuels this terrorism. In fact, money enters and leaves the country most of the time, without any prior announcement to the relevant authorities.
However, the physical transfer of cash across borders is one of the simplest forms of money laundering and even terrorist financing. In light of this observation, GIABA is organizing this workshop for the benefit of local AML/CFT actors with the aim of effectively combating these phenomena.
During 72 hours of exchanges, these actors will focus on the topic “Combating the illegal cross-border physical transfer of cash and other bearer negotiable instruments.” These local actors are customs officials; Services involved in air and land border control; The series of penalties, control and coordination authorities in combating money laundering and terrorist financing.
- The President of the Center / Burkina Faso Diallo welcomed the mobilization of representatives
During these three days of discussion, it will be a matter of strengthening, among other things, the operational capabilities of the participants; improve their knowledge of profiling techniques; prohibition and confiscation of cash and coins from cash carriers; To get them to understand the procedures for reporting suspicions or to transmit information to CENTIF, to build their reporting capacity, and to explain to them the means of disrupting transnational networks and preventing the financing of terrorist activities.
“Research reports have shed light on the prevalent circulation of cash in our regional economy and further indicate that some of this money is used to finance terrorism and money laundering,” said Aissata Diallo, President of CENTIF.
At the end of this activity, you expect, among other things, to increase the detection of cases of cross-border physical transport at points of exit and entry; seizure of illegal funds; Improved statistics related to advertisements related to cash couriers.
The representative of the Director General of Customs, Pulcheri Dabiré, suggested that this activity is part of the Anti-Money Laundering and Terrorist Financing Techniques enacted by the Financial Action Task Force (FATF) under the name “Recommendation 32” relating to cash couriers.
- “The coordination mechanism between the various police departments for immigration, customs and other departments should be clearly described,” Bulcheri Dabiré
According to it, this recommendation is intended to prevent terrorists and other criminals from financing their activities or laundering the proceeds of their crimes through the physical cross-border transfer of bearer negotiable funds or instruments. In addition, the Director of Anti-fraud and Regional Monitoring welcomed the organization of this event and urged the participants to make a rich contribution during the exchanges. The objective of this workshop is to enhance the skills of Customs in implementing this Recommendation 32, added the representative of the Director General of GIABA, Jia Benoit Konan.
- “We must give strong and appropriate responses to these phenomena.” Jha Benoit Konan
En rappel, la recommandation 32 du Groupe d’action financière exige que « les pays devraient avoir mis en place des mesures pour détecter les transports physiques transfrontaliers d’espèces et d’instruments négociables auris porteur, y yst compèration Telecommunications ; Countries must ensure that effective, proportionate and dissuasive penalties are applied to persons who have made false statements or provided false information…”
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2. “The coordination mechanism between the various police departments for immigration, customs and other departments should be clearly described,” Bulcheri Dabiré
3. The President of the Center / Burkina Faso Diallo welcomed the mobilization of representatives
4. “We must give strong and appropriate responses to these phenomena.” Jha Benoit Konan