Monaco takes part in a training seminar for assessors in Senegal, organised by the GIABA, GABAC and FATF committees

©DR

As part of the fourth round of evaluations of the anti-money laundering and combatting the financing of terrorism (AML/CFT) mechanisms implemented by countries, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), jointly with the Task Force on Money Laundering in Central Africa (GABAC) and the Financial Action Task Force (FATF) Training and Research Institute, organised a training seminar for assessors in French.

From 25 to 29 March 2019, more than 40 participants from a number of French-speaking countries (Benin, Mali, France, Togo, Belgium, Chad, Senegal, etc.) visited Dakar (Senegal) to take the training course so that they would subsequently be able to assess the AML/CFT policies and actions taken by various states. Evaluations of the different jurisdictions are carried out by peers.

During the seminar, participants were trained to assess the AML/CFT policies put in place by countries in response to the 40 FATF recommendations (legal framework and technical compliance) and a series of prioritised outcomes (the 11 immediate outcomes which are used to evaluate the effectiveness and efficiency of the AML/CFT systems introduced by the various countries).

The Principality was represented at the seminar by Philippe Boisbouvier, Acting Director of SICCFIN, the Monegasque financial intelligence unit, and Ms Jenny Perrot, a financial analyst.

Following a warm welcome from the President of Senegal’s National Financial Intelligence Processing Unit (CENTIF), Ramatoulaye Gadio Agne, participants spent a week deepening their understanding of issues associated with evaluating countries and taking part in workshops designed to improve the way they approach the evaluations they will be called on to carry out.

This is the third year in a row that SICCFIN has sent its staff to international training sessions for assessors in order to illustrate the Principality’s commitment to combatting money laundering and terrorist financing.