Ghana Anti-Money Laundering (AML)

Objectives

On completion of this tutorial, you will be able to:

  • Define terrorist financing, money laundering and its related stages

  • Recognise the Ghanaian laws and regulations in relation to money laundering and terrorist financing

  • Identify the responsibilities of the various participants

  • List the systems and controls a firm should employ in relation to managing financial crime risks

Tutorial Overview

Ghana has increased enforcement measures and made a commitment to strengthen the effectiveness of its Anti-Money Laundering & Counter Financing of Terrorism (AML/CFT) regime especially after appearing on the EU blacklist. Laws have been updated to match international banking standards which means banks will have to apply more stringent controls.

Prerequisite Knowledge

None

Tutorial Level

Introductory

Tutorial Duration

75 minutes