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Money Laundering: OACPS Member Countries Strengthen Cooperation to Boost Fight

09/06/2022
Categories: Sectors

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The meeting of members of the Organization of African, Caribbean and Pacific States (OECP) opened on the sidelines of the 114th session of the Council of Ministers of the organization which ends today. On this occasion, participants were urged to strengthen the joint fight against money laundering and terrorist financing.

Under the chairmanship of the Congolese Minister of Economy, Ingrid Olga Ghislaine Ebouka-Babackas, the member countries of the OEACP have insisted on strengthening cooperation in the fight against money laundering and terrorist financing. Minister Ingrid Olga Ghislaine Ebouka-Babackas urged participants to share experiences in order to help OEACP member countries get off the "grey and black lists" of the Financial Action Task Force (FATF) and the EU.

The member countries of the organization discussed the report of the ad hoc contact group of ambassadors on the activities carried out since July 2021. They exchanged views on the EU's list of third countries on anti-money laundering and combating the financing of terrorism (AML/CFT), the EU's list of non-cooperative tax jurisdictions and the draft resolution on AML/CFT and tax governance to be recommended to the Council of Ministers.

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