 |
| Yahya Camara Gambia FIU Director and GIABA National Coorrespondent (Photo Credit: LJahateh/GNJAML) |
By
Lamin Jahateh
There are numerous
challenges both legal, technical and regulatory in Gambia’s efforts to combat
the twin economic crimes of money laundering and terrorism financing (ML and
TF), although it has registered modest gains in combating the menaces.
“There are key deficiencies (in the country’s fight
against money laundering and terrorism) which remain outstanding,” said Mr
Yahya Camara, the director of the recently established Financial Intelligence
Unit (FIU) which is mandated to combat money laundering and terrorism financing
in The Gambia.
Speaking at the commencement of a three-day workshop
to develop a national strategy to combat money laundering and terrorism in The
Gambia on Tuesday at Kairaba Beach Hotel, Mr Camara said some of key
outstanding deficiencies include the country’s efforts to combat ML and TF
include low investment in technology for Anti-Money Laundering and Counter
Financing of Terrorism (AML/CFT) measures, and lack of adoption of appropriate
internal control measures against ML and TF.
