The Intergovernmental Action Group against Money Laundering in West Africa (Giaba) and the Ocwar Project join forces to reduce money laundering and the financing of terrorism in the ECOWAS region and in Mauritania.

The Intergovernmental Action Group against Money Laundering in West Africa started a regional workshop in Saly-Portudal on 31 October 2022. The meeting focuses on the roles and responsibilities of the interministerial committee, the national coordinating committee of the LB/C/FT/P (combating money laundering and the financing of terrorism and the proliferation of weapons of mass destruction).

Edwin W. Harris Junior, the CEO of Giaba considers that most of the work in the fight against money laundering relies on financial intelligence units. The creation of interministerial committees and national coordination committees supports the work of financial intelligence units in coordinating cooperation.

The objective of the Oscar-M project is to contribute to the reduction of money laundering (Bc) and terrorist financing (Ft) in the 15 ECOWAS countries and in Mauritania. For Stéphanie Barthomeau, project coordinator, money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction (BC/Ft-Padma) remain threats to the security and integrity of States. Combating these crimes requires mechanisms that are essential to protect the integrity of markets and the global financial structure.