By Bobor Dan Kamara
The Director General of the Financial Intelligence Agency David Borbor has announced that Sierra Leone is set to host over 150 delegates for the 42nd Technical Commission and Plenary and the 29th Ministerial Committee Meetings of the Inter-Governmental Action Group against Money Laundering in West Africa.
The high-powered event which is scheduled to take place on the 17th to 23rd November 2024 at the New Brookfields Hotel will congregate key stakeholders at regional level to develop a roadmap to address the prevalence of money laundering and terrorism financing.
DG Bobor asserted that the much anticipated gathering will also focus on the review and adaptation of the second round of the Mutual Evaluation Report for the Democratic Republic of Sao Tome and Principe.
He stated that the event will not only attract over 150 delegates from 17 countries but will also feature several key memorandums focused on the ongoing implementation of Financial Action Task Force (FATF) standards. He furthered that the gathering will provide a valuable platform for participants to exchange best practices, foster collaboration, and reinforce the framework for anti-money laundering and counter-terrorism financing across West Africa.
DG Borbor also shed light on their assessment which highlighted the banking system as the primary risk area for money laundering followed by the precious mineral sector, a reason they are collaborating with the National Mineral Agency (NMA) to bolster regulatory measure and mitigate associated risks.
He reiterated Sierra Leone’s commitment to hosting such events that propagate meaningful discussions that will further strengthen Regional Corporation in fighting financial crimes.
