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| GIABA DG Dr. Abdullahi Shehu says criminals are stepping-up their illicit actiities (Photo Credit: Modou S. Joof/2012) |
Following the implementation
of regional and national Anti-Money Laundering and Counter-financing of Terrorism (AML/CFT)
measures with emphasis on financial institutions, criminals look for vulnerable sectors through which they could launder
their proceeds, according to Dr. Abdullahi Shehu.
The Director General of the Inter-Governmental
Action Group against Money Laundering in West Africa (GIABA) explain
on Wednesday that one such vulnerable sector is the designated non-financial
instititions, business professions (DNFBPs).
DNFBPs comprises of accountants, real estate agents, lawyers,
notaries, and other independent legal profesionals, he said during a
GIABA-organised training on the AML/CFT requirements for accountants in
English-speaking West Africa from 11 to 12 September, 2013 in Banjul, The
Gambia.
