{"id":756437,"date":"2022-01-19T04:27:14","date_gmt":"2022-01-19T04:27:14","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/01\/19\/eu-removes-ghana-from-high-risk-money-laundering-list\/"},"modified":"2022-01-19T04:27:14","modified_gmt":"2022-01-19T04:27:14","slug":"eu-removes-ghana-from-high-risk-money-laundering-list","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/01\/19\/eu-removes-ghana-from-high-risk-money-laundering-list\/","title":{"rendered":"EU removes Ghana from high-risk money laundering list"},"content":{"rendered":"

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\n Accra, Jan. 18, GNA- The European Union (EU) has removed Ghana from the bloc\u2019s high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML\/CFT) regimes.<\/p>\n
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The EU took the decision after Ghana strengthened the effectiveness of its AML\/CFT regime by addressing related technical deficiencies, a press statement issued by the Ministry of Finance, and copied to the Ghana News Agency, said.<\/div>\n
It said Ghana had also strengthened its legal and regulatory framework to meet the commitments in the Financial Action Task Force (FATF) action plan, with a view of removing strategic deficiencies identified under the Article 9 of the 4th Anti-money Laundering Directives.<\/div>\n
It said Ghana also established legal and regulatory frameworks to meet the commitments in the country\u2019s action plans regarding the strategic deficiencies the FATF had identified.<\/div>\n
The EU, in May 2020, added Ghana to their list of high-risk jurisdictions with strategic deficiencies in their AML\/CFT regimes because Ghana was on the FATF Grey List.<\/div>\n
Ghana’s removal from the list was contained in a letter dated 07 January 2022, signed by Commissioner Mairead McGuiness, in charge of Financial Services, Financial Stability and Capital markets Union, the statement said.<\/div>\n
It said the letter commended Ghana for its continuous efforts in strengthening its framework for the combat against money laundering and terrorist financing.<\/div>\n
The Ministry said the Head of the European Union Delegation to Ghana, Irchad Razaaly, in his introductory letter, also commended Ghana for achieving the milestone.<\/div>\n
By dint of hard work and political commitment, Ghana addressed all the action items in the action plan even ahead of schedule, the statement said.<\/div>\n
\u201cThis is an example of what we can accomplish when we work together towards addressing systemic issues that confront our country” Mr Ken Ofori-Atta, Minister of Finance, said while commending all stakeholders.<\/div>\n
Mr Ofori-Atta said the country, being the headquarters of the African Continental Free Trade Area (AfCFTA), was guided by a vision of establishing the country as the financial services destination for the Africa Region, and would work diligently to achieve that vision.<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, Jan. 18, GNA- The European Union (EU) has removed Ghana from the bloc\u2019s high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML\/CFT) regimes. The EU took the decision after Ghana strengthened the effectiveness of its AML\/CFT regime by addressing related technical deficiencies, a press statement […]<\/p>\n","protected":false},"author":1,"featured_media":756438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[85,2266,1153,2267,383,132],"class_list":["post-756437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ghana","tag-highrisk","tag-laundering","tag-list","tag-money","tag-removes"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/756437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=756437"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/756437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=756437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=756437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=756437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}