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Financial crime – A central file set up

02/11/2019
Source : L'Express de Madagascar
Categories: General Information

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In tune with the times. As in police movies, it would only take a few clicks to collect information on financial offenders in Madagascar. Experts from the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) are providing technical assistance and training for Madagascar. On the sidelines of a workshop in Anosy, Boto Tsara Dia Lamina, Director General of the Financial Intelligence Service, a digital platform is under construction. "In collaboration with law enforcement entities and bodies, we are setting up a database on individuals involved in economic crimes and offences. With this central file, investigators have access to all available information. This contributes to a better understanding of the situation and therefore to a better performance," he announces. The fight against financial crimes and offences involves several entities. Currently, although there is collaboration and exchange of information, the entities within the Anti-Corruption System each have their own databases. To access it, the steps provided for by the texts are to be followed. With the implementation of the digital platform, the exchange of information is fluid. "The entities that contribute to it have access to the central file and can exploit it," he continues. In the database, information about the individual, his accomplices, his or her affairs and ill-gotten gains are available. Funded by UNDP and COMESA, this digital platform will be operational in a few weeks. The Malagasy financial intelligence service is broadening its horizons by integrating networks at the regional and international levels. Like the regional Financial Action Task Force (FATF) and the application to join the Egmont Group, Samifin wants to align itself with international standards in the fight against money laundering and terrorist financing. To achieve this, a reform of the legislation in these areas is necessary.

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