Money Laundering Trial: Banks mandated to scrutinise financial transactions

Float from Mardi Gras 2009 in New Orleans, lampooning the money laundering trial of Louisiana State Senator Derrick Shepherd. (Photo credit: Wikipedia)

A Guaranty Trust Bank internal control officer has said [commercial] banks are mandated by the central bank of The Gambia under the Anti-Money Laundering Act to scrutnise financial transactions.  

Ali Senghore, Officer in charge of internal control at GTBank on Kairaba Avenue, was testifying Tuesday in the trial of Omar Jallow, a Gambian, accused of money laundering. 

Jallow is said to have received 38, 000 pounds (D2, 280, 000) from one Dodou Njie, a UK-based Gambian, through GTBank with intent to conceal or render assistance. 

The police said Mr Jallow knows or have reason to believe that the money has being laundered by the sender or must have being unlawfully obtained.

Gambian man charge with money laundering

Deutsch: Arch 22, Triumphbogen in Banjul, Gambia zwischen dem Independance Drive und dem Banjul-Serekunda-Highway gelegen wurde am 22. Juli 1996 eingeweiht Español: Arco 22, en la entrada de Banjul (Photo credit: Wikipedia)

The police in Banjul Wednesday charged a Gambian man with money laundering.

Omar Jallow, who denied the charge, is accused of receiving 38, 000 pounds (D2, 280, 000) from one Dodou Njie, a UK-based Gambian, through a Guaranty Trust Bank Account No: 201-1-114897-1590 with intent to conceal or render assistance.

The police said Mr Jallow knows or have reason to believe that the money has being laundered by the sender Dodou Njie or must have being unlawfully obtained.