Multinational - West African Monetary Institute (Sierra Leone, The Gambia, Liberia and Guinea) - WAMZ Unique Identification (UBI) and Digital Interoperability

This project focuses on West African Monetary Zone (WAMZ) Unique Bank Identification (UBI) and Digital Interoperability. It aims to enhance Financial Sector Efficiency, Increased Access to Finance and Greater Regional Integration in the WAMZ. The project will improve their access to financial services by providing them with free identification in FSPs, and will also improve the delivery of social services, particularly money transfer projects. In addition, it will build confidence among financial institutions in the region in terms of capacity and methodologies for implementing international KYC and AML/CFT recommendations. This will result in the removal of a major barrier to inter-bank correspondence, thereby stimulating regional financial trade and integration. The project components are as follows: (i) Harmonisation of Rules and Regulations on UBI Implementation in the WAMZ. (ii) Implementation of UBI in participating member states of the WAMZ (iii)Project Management and Capacity Building.