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Combating money laundering and financial crime: Ethiopia firmly committed

10/09/2025
Source : ORISHAS FINANCE
Categories: Compliance

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The general director of the security service financial, Muluken Amare said that Ethiopia is firmly committed to prevent money laundering and the laundering of the proceeds of crime.

Ethiopia hosts the 50th meeting of experts of high level, the 25th ministerial meeting and the 8th dialogue forum public-private sector of the East and Southern Africa Anti-Money Laundering Group (ESAAMLG) at the Commission economic for Africa . According to the managing director, the country is working closely with ESAAMLG and other parties stakeholders to strengthen financial institutions and prevent flows illicit finances, including the financing of terrorism.

For the latter, the current meetings demonstrate Ethiopia's commitment to put in place solid financial guarantees.

The Deputy Secretary General of Financial Action Group (GAFI ) , Ashish Kumara, a emphasized the seriousness of money laundering and the financing of terrorism, calling them crimes that fundamentally weaken capacity financial of nations.

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