Multinational - Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) in West Africa

The Capacity Development Project on Anti-Money Laundering and Combating the Financing of Terrorism in West Africa Transition States aims to contribute to resilience in the West Africa Region, through improved AML/CFT regimes and capacity development for west African transition states. The project is a multinational grant in response to the 2021Call-for-Proposals of the Transition Support Facility (TSF) Pillar III resources in the framework of the ADF-15. It is an Institutional Support Project to support GIABA in its interventions on AML/CFT for its transition member countries. This project will be implemented during a three-year period (2022-2024), for an overall cost of three and a half Million Unit of Accounts (UA 3.5 million). It will be implemented through the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA)2, which was established in2000 by the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS)as a common response to the negative impact of money laundering, terrorist financing and other organized crime on the economic development and political stability of the West African Region. The project impact contribution will be to support the improvement of West African countries AML/CFT regimes for their compliance with international standards. It will be reached through countries’ successful implementation of AML/CFT national strategies, based on NRAs findings, as well as on capacity development of stakeholders from various sectors on AML/CFT.