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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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The Fight Against Money Laundering - An African Perspective!

 

https://thepoint.gm/africa/gambia/editorial/the-fight-against-money-laundering-an-african-perspective

 

Despite estimates from organizations such as the IMF and the United Nations Office on Drugs and Crime (UNODC), it is impossible to know exactly how much money is "legalised" every year.

 

They put the sum between 2 and 5 per cent of the global GDP; if so, around $2.5tn was laundered in 2014, more than the GDP of the Russian Federation, India, Italy or Brazil.

 

The tragedy for the world is that these vast sums come from some of the most insidious crimes: the trafficking of women and children, drug smuggling, illegal arms sales and the funding of terrorist organizations. This is big business and it presents all of us in the frontier and emerging markets in Africa, in particular, with a difficult reality. Illegal transactions or financial discrepancies can take place anywhere in the world.

 

There is, however, a lower risk of detection in African countries because our compliance programmes are often not as robust as they should be and in some cases simply ineffective. If African nations and the region as a whole are serious about helping in the global fight against terror, drugs and human trafficking then we need to reassess what we are doing. We need to acknowledge that in many places significant progress has been made - but that there is still more that needs to be done. And if we are to make progress quickly, we need to work collectively as well as within our own borders as the region looks to realize its full economic potential.

 

One of the most important steps for all African countries is to engage fully with global financial compliance institutions such as the Financial Action Task Force (FATF). It has developed international standards for legal, regulatory and operational measures, in addition to pushing for the political will required to achieve national legislative and regulatory reforms. African countries need to work with these organizations and - most importantly - implement the policies and procedures they recommend to streamline their financial mechanisms It is, however, the legal adoption of policies and the creation of laws that govern financial transactions that are so crucial in this journey.

 

The Republic of Angola issued its first anti-money laundering resolution (no.19) in 1999, which the government has continuously revised. Further resolutions were passed in 2010 and 2011 that ratify the unlawful trafficking of narcotics and psychotropic substances, cross-border crime and the elimination of the financing of terrorism. Revision of existing laws is critical because the technologies and tactics used by global criminal networks are always evolving.

 

A failure to respond to changing world events poses not only a threat to global peace and stability but to our own national security as well. African countries also need to appreciate that a failure to act threatens the security of their banking systems and may potentially endanger socio-economic development.

 

Adoption of international policies is, however, only part of the journey - prevention and punishment present African nations with an even greater challenge. We must acknowledge that the continent has a legacy of corruption and poor transparency - the world knows this and we need to continue to respond accordingly. We have a special responsibility to demonstrate that - just as we strive to build world class economies - we are capable of stamping out corruption at every level. So there is a cultural aspect to enforcing behavioural change, particularly in non-banking sectors.