Accra, Nov. 03 GNA- The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), a specialised ECOWAS institution, and the Financial Action Task Force (FATF), will convene a Joint Experts’ Meeting (JEM) in Ghana between November 4th and 6th , 2025.
A press release issued by GIABA indicated that the meeting was being supported by the Government of the Republic of Ghana.
It described the annual JEM as a key global platform for operational engagement, which brings together experts from across the FATF Global Network, to share practical insights, innovative strategies and leading practices in tackling the evolving threats of Money Laundering (ML), Terrorists Financing (TF) Proliferation Financing (PF), and related financial crimes.
The JEM played a critical role in informing the FATF’s work by drawing on the frontline experiences of practitioners, it said.
The meeting further strengthened the effectiveness of the Global Network’s collective response to emerging typologies and risks, while fostering collaboration and consistency in the implementation of Anti-Money Laundering and Countering Financing Terrorism (AML/CFT) standards globally.
The release said the 2025 JEM was designed to achieve these objectives which aligned with the broader goals of enhancing global cooperation of AML/CFT efforts across FATF Global Networks and GIABA Mem States.
Among these objectives were: Enhancing the understanding of emerging ML, TF and PF typologies and financial crime threats; strengthening regional and global collaboration in combating these illicit crimes and fostering strategic partnerships among key stakeholders.
Again, it sought to promote mutual learning and exchange of good practices; providing operational input to support FATF and GIABA Network, focusing on region-specific risks and emerging issues: and identifying opportunities for technical assistance and capacity building, it said.
About 250 delegates including experts from the FATF member countries, various FATF-Styled Regional Bodies (FSRBs), international organisations and selected private sector stakeholders were expected to participate.
The release indicated that at the end of the meeting, several key outcomes that would contribute to both global and regional efforts in combating financial crimes, while reinforcing the strategic priorities of the FATF and GIABA were expected.
These included: Operational insights and inputs to inform and shape the FATF and GIABA work programmes; enhanced regional and global cooperation; improved understanding of emerging ML/FT/PF risks and typologies; identification of good practices and common challenges; stronger public-private sector engagement framework; opportunities for targeted technical assistance and capacity building; as well as network-building among AML/CFT practitioners.
GNA
Edited by Christabel Addo