Director-General, International Action Group against Money Laundering in West Africa (GIABA), Adama Coulibaly, has said member-countries need strong partnership to check the rising cases of money laundering and terrorist financing in the sub-region.
Coulibaly, who spoke at a three-day regional sensitisation workshop on Anti-money Laundering/Combating Financing of Terrorism for civil society organisation organised by the International Action Group Against Money Laundering in West Africa (GIABA), in Lagos, described money laundering as a global problem that not only threatens security, but undermines economic prosperity of countries.
He said such partnership will make it possible for countries to significantly enhance understanding of various mechanisms designed to combat these crimes.
“The ultimate goal is to help create in the ECOWAS region not only a strong bulwark against those scourges but also create a conducive environment for investment, as well as for job creation for the benefit of the youth in particular,” he said.