At the 43rd plenary meeting of the Technical Commission of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) held on Thursday 15 May in Dakar, the institution adopted a calendar.

The fight against money laundering and terrorist financing is struggling to be effective due to a challenge related to the effectiveness of the mechanisms implemented, despite the remarkable progress noted in terms of technical compliance at the state level. members of GIABA. The 43rd plenary meeting of the Technical Commission is the very first plenary meeting in the framework of the third cycle of GIABA mutual evaluations. According to Edwin W. HARRIS Jr., CEO of GIABA, “it is important that we draw on the lessons learned from previous rounds of mutual evaluations to shape the 3rd cycle, whose ultimate objective is to improve our AML/CFT arrangements, in a way that sets the tone for prevention, detection and deterrence in

The latter also questions the opportunity to take stock of the fight against money laundering and the financing of terrorism. According to him, “if the answer is yes, it is an assurance that the Member States will experience an improvement in the efficiency component during this 3rd cycle of mutual evaluations”. On the other hand, the Director General of GIABA indicates that “if the answer is no, we must meet again, sit down, discuss at the regional level but also at the country level and see exactly what can be done to relaunch this fight”.