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Money laundering: Madagascar under a final assessment before the FATF verdict

26/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Pending the verdict of the Financial Action Task Force (FATF), a delegation from the Southern and Eastern African Anti-Money Laundering Group concludes its mission to Madagascar with a final evaluation on the ground.

The mission of the Southern African Anti-Money Laundering Group, which is the last before the FATF meeting in October, poses a major economic challenge for Madagascar. Indeed, during the October 2023 session, the FATF will make its decision with respect to Madagascar

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noted that the FATF's mission is to support states in complying with anti-money laundering and terrorist financing standards, “in order to protect the global financial system against the misdeeds of criminals and dirty money.”

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