FINANCIAL Intelligence Centre (FIC) acting Director General Liya Tembo says there is need to encourage countries to build systems and learn about what others are doing to change legislation in order to tackle money laundering and terrorism financing. And Tembo has emphasised the need for enhanced cooperation and shared beneficial ownership of information related to financial and economic crimes. Meanwhile, EU Global Facility on Anti-Money Laundering and Countering the Financing of Terrorism (EU GF-AML/CFT) team leader David Hotte says it’s impressive that many African nations are showing commitment to enhancing beneficial ownership frameworks within their respective jurisdictions. According to a statement issued recently, the EU Global Facility on Tuesday kicked off a regional event on Beneficial Ownership (BO) in the...

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