GIABA HEALD National Sensitization Seminar for Religion Leader’s and Institution on Money Laundering

By Henry T. Kargbo

Inter-governmental action group against money laundering in West Africa (GIABA) has on Tuesday 9th February, 2021, held a national sensitization seminar on anti-money laundering and counter financing of terrorism (AML/CFT) for religious leaders and institution at Radisson Blu Hotel in Freetown.

Delivering his statement at the seminar, the Director General of GIABA, Judge Kimelabalous Aba said the inter-governmental action group against money laundering in West Africa GIABA has indeed entire Economic Community of West Africa State (ECOWAS).

He described the seminar as a very important one step towards actualizing sub-regional authorities’ collective actions.

He said that his institution undertakes the role to ensure that member states comply with acceptable international standards on anti-money laundering and combating the financing of terrorism.

He added that as an FSRB, GIABA conducts mutual evaluation, a peer review mechanism for assessing the level of technical compliance and effectiveness of member states.

Aba furthered that GIABA also carries out valuable researches and typological exercises to identify the various money laundering and terrorist financing trends as well as methods employs in order to strengthen preventive and enforcements drives.

The DG said in September 2001, GIABA attend the annual convention of the Ahmadiyya Muslim Youth Organization in Nigeria, where they sensitized youths on money laundering and terrorist financing, adding that they also took part in a security conference for church leaders in May 2013.

He said increase in illicit income generating crimes known as predicted offences of money laundering such as bribery and corruption, kidnapping for ransoms on human and drug trafficking in parts of the world are worrisome.

“It is therefore important to engage and utilize the tremendous influences of religious leaders in addressing some of the ills ravaging our societies,” he said.

Deputy Minister of Finance I Dr. Patricia N. Lavarley noted that the event is historical because this is the first time ECOWAS members states are coming together as nations on an inter-faith platform to discuss the way forward in putting in place modalities for the effective implementation of measure aimed at combating money laundering and terrorism financing.

She said money laundering and terrorism financing are serious threat to nations, international peace and stability which must therefore be addressed in a holistic way.

She added that at the 34th GIABA technical commission and plenary meeting held in December 2020, considered list of priorities and substantive issues as contained in the mutual evaluation report Sierra Leone as a country had taken steps to enhance it’s legal and institutional framework, and to a moderate extent, understands it’s ML/TF risks.

Dr Larvaley said the Bio government is committed to supporting every endeavour aimed at protecting the integrity, credibility and viability of the country’s financial system.

The Minister of Social Welfare Hon. Baindu Dassama- Kamara urged religious leaders and institutions to implement anti-money laundering and combating financing of terrorism measures.

Most Viewed Posts

  • PRESS RELEASE ON INTERNATIONAL DAY OF PEACE, SEPTEMBER 21, 2021 (Forum) (1)
    By THE MANO RIVER WOMEN PEACE NETWORK (MARWOPNET) SIERRA LEONE CHAPTER To all MARWOPNET (SL) share this peace message with Sierra Leoneans directly and by extension all citizens of the Mano River Basin and beyond on the occasion of International Day of Peace. This is because we are a sub-regional women Peace Network whose distinctive […]
  • Introduction of Online Voting: IPAM Sets another Record in Africa (Forum) (2)
    By Alhaji Dauda M Bangura Under the energetic and innovative leadership of the Deputy Vice Chancellor of the Institute of Public Administration and Management (IPAM), Prof. Edmond Nonie, the university has for the first time in the history of Sierra Leone and in the West Africa sub-region, set up an online Students’ Union (SU) Voting […]
  • Caritas Freetown Empower 30 Women (Forum) (2)
    After a successful one-year business, 30 women of Tissana Village, Russel along the Freetown Peninsular axis were so joyous to share-out eighty million Leones among themselves in their Savings and Loans Association (VSLA). The VSLA was formed some three years ago in that community by Caritas Freetown -Justice and Peace Commission (CF-JPC) in partnership with […]
  • Manso Dumbuya Declares For SLPP Regional Chairman (Forum) (2)
    The incumbent Chairman for the Sierra Leone People’s Party (SLPP) in the Western Region, Hon. Manso A. Dumbuya aka Top Up has officially declared for a second and final term. He made this declaration at a well-attended gathering of all constituencies and districts delegates of Western Area on Sunday 19th September 2021 at John James […]
  • NATCOM Asks Le 292bn from Govt. (Forum) (2)
    By Henry Kargbo The Director-General of the National Telecommunication Commission, Mr Daniel B. Kaitibi has said in Freetown that NATCAM generated Le 292bn revenue for government in 2020. He disclosed that the commission also generated Le 29.6bn from January to August 2021. NATCOM DG Kaitini Thursday 23 September 2021made the pronouncement whiles making a request […]
  • NDC Expose APC ‘Enemies of Progress’ (Forum) (2)
    The main opposition All People’s Congress (APC) has publicly exposed what the party recently described as ‘enemies of progress’ who are causing problems within the party. The revelations were made by the APC Chairman and Leader at opening of the party’s Emergency National Delegates’ Conference, hosted at the regional secretariat, North in Makeni, from 17-19 […]
  • Fulbright Fellow Meet Higher Education Minister (Forum) (3)
    The Milton Margai Technical University (MMTU) on Tuesday 28th September 2021 officially presented the Fulbright Fellow recruited by the America Government, Professor Desmond Brown to the Minister of Technical and Higher Education, Professor Alpha Wurie at the Ministry ‘s New England Ville conference room in Freetown. The Minister of Technical and Higher Education, Professor Alpha […]
  • Liberian Foreign Minister Meets President Koroma (Forum) (3)
    The Minister of Foreign Affairs of the Republic of Liberia Dr. Toga Gayewea McIntosh, who was on a tri-nation tour of the Mano River Union region on Thursday (1st September 2011), delivered a letter conveying a special message from the Chairman of the MRU, Her Excellency Madam President Ellen Johnson Sirleaf, to President Dr. Ernest […]
  • RC Bank MD Wowed Canadian College Students With Powerful Motivational Speech (Forum) (3)
    The Canadian College for Modern Technology in Mile 91 has played host to Sierra Leone's foremost Motivational Speaker who also doubles as the Managing Director of Rokel Commercial Bank. On the invitation of the college administration, Dr Ekundayo Walton Gilpin, was at the College for a motivational speaking session on the topic, "Creating Your Tomorrow […]
  • The APC Is Stronger and Ready (Forum) (3)
    22nd September, 2021 The events of the last few days have been very historic for one of Sierra Leone's, and indeed, one of Africa's oldest and most successful political parties. The All People's Congress (APC) of Sierra Leone has endured more than three very turbulent years following the 2018 general elections. But once again, the […]
  • Sierra Leone Participates in Chinese Ningxia Expo (Forum) (4)
    Sierra Leone was among Africans and non-Africans countries that participated in the first International China’s Wine Culture and Tourism Expo. The Expo which kicks off to bring worldwide wine lovers was sponsored by the Ministry of Agriculture and Rural Affairs, the Ministry of Culture and Tourism, the Chinese People's Association for Friendship with Foreign Countries […]
  • USL Goes to Pujehun (Forum) (4)
    By Alhaji Dauda Musa Bangura On Friday 1st October, 2021, history was made in Pujehun District when the University of Sierra Leone management team formally commissioned the first-ever USL branch in this district. This historic landmark achievement occurred under the watch of the USL Vice Chancellor and Principal, Brigadier General Prof. Foday Sahr and Deputy […]
  • Obasanjo Lauds Koroma’s Development Drive Obasanjo Lauds Koroma’s Development Drive (Forum) (4)
    FREETOWN: The former Nigerian president Olusegun Obasanjo has on Friday 26th August 2011 commended the government of Sierra Leone under the leadership of President Ernest Koroma, for the developmental gains that have taken place in the country in barely less than four years of effective governance.His good opinion was given to the government and people […]
  • NCD in Face-To-Face Meeting with Pupils (Forum) (4)
    To commemorate International Day of Democracy (IDD), the National Commission for Democracy (NCD), Western Region, on Monday 20th September 2021 organized a face-to-face meeting with selected pupils of some secondary schools in the Western Area at the HEAL-Sierra Leone E-Learning House, 40 Sanders Street in Freetown on the theme “Strengthening Democratic Resilience in the Face […]
  • Guma Targets 9.9bn Debt Recovery (Forum) (4)
     By Henry Kargbo  Managing Director of Guma Valley Water Company Maada S Kpenge has disclosed that Guma is targeting 9.9 billion Leones debt recovery for 2022 fiscal year. He made this disclosure during their annual 2022 budget presentation at the Ministry of Finance. He said that the recovery is part of debts Ministries Departments and […]