This month, OCWAR-M presents a special edition on the strengthening of the Bars in the fight against money laundering and terrorist financing (AML/CFT) !
Indeed, the legal professions, in particular lawyers, are among the designated non-financial businesses and professions (DNFBPs) that have a key role to play in AML/CFT.
The OCWAR-M project is therefore committed to providing specific support to the Bars of its partner countries, which we invite you to discover in this 15th issue of our newsletter.
COUNTRY OF THE MONTH : BURKINA FASO
THE AML/CFT COMPLIANCE CHALLENGE OF FRANCOPHONE AND LUSOPHONE BARS IN ECOWAS MEMBER STATES AND MAURITANIA
Francophone and Lusophone Bar Presidents in Dakar, February 3, 2022
Since the first Regional Forum on AML/CFT Compliance of the Bars of the GIABA Member States, which was held on February 10-12, 2020, OCWAR-M has been supporting the Bars of the Lusophone and Francophone partner countries of the project.
Indeed, due to the financial flows that transit through lawyers’ offices, this profession can be particularly exposed to the risks of money laundering or terrorist financing and, in its capacity as a “DNFBP” (designated non-financial businesses and professions), become a vector against its will.
It is essential that, while respecting the self-regulation of their profession, mechanisms are put in place so that lawyers can remain the guarantor of the fundamental rights of the citizen through their independence and in respect of professional secrecy, while contributing to the fight against money laundering and terrorist financing.
The requirements of the fight against money laundering are imposed on all professionals and the financial intelligence units must be able to count on an active participation of the Bars in this fight.
Watch the interview of Sylvain Sankalé, regional consultant on the Bars AML/CFT compliance activity.
NEWS ABOUT OCWAR-M
Strengthening whistleblowers: launch of the training activity for lawyers and investigative journalists
In partnership with PPLAAF, the OCWAR-M project is implementing a capacity building activity for West African investigative journalists and lawyers to foster the emergence of whistleblowers in the region. Lawyers and investigative journalists throughout the region will receive training on financial criminality and whistleblower protection. Lawyers in Senegal and Mauritania have already benefited from an awareness-raising session on this topic. To learn more, watch our
FEATURED: POSTERS TO RAISE AWARENESS AMONG CIVIL SOCIETY ORGANIZATIONS As part of its efforts to raise awareness among civil society organizations (CSOs) of the fight against money laundering and the financing of terrorism, the OCWAR-M project has developed three posters designed to inform these organizations of their role and duties in curbing financial crime. Discover them below! SEE ALL...
A LOOK BACK AT THE 2022 PROJECT RESULTS COUNTRY OF THE MONTH : CÔTE D’IVOIRE In this issue, we focus on Côte d’Ivoire! Mr. Romain Ouattara, coordinator of the mutual evaluation currently conducted by the International Monetary Fund (IMF) in this country, talks about the evolution of the Ivorian AML/CFT criminal chain over the last few years and presents the support provided by OCWAR-M...
SPECIAL EDITION ON NATIONAL COORDINATION COMMITTEES EDITO This month, OCWAR-M presents a special edition on national anti-money laundering and counter financing of terrorism (AML/CFT) coordination committees! These committees are essential structures for the formulation and implementation of effective AML/CFT policies, as well as for the coordination of all actors involved in the national AML/CFT...
EDITO The OCWAR–M project wishes you a happy new season! We look forward to starting the new Academic year with you. COUNTRY OF THE MONTH: GUINEA-BISSAU In this edition, Mr. Justino SA, President of the Financial Intelligence Unit (FIU) of Guinea-Bissau, presents the money laundering and terrorist financing risks specific to his country, and the work undertaken by his FIU to tackle them...
COUNTRY OF THE MONTH : SENEGAL This month, Mr. Mor Ndiaye, Managing Director of the recently created National Criminal Assets Recovery Office (ONRAC) of Senegal, tells us more about this institution which has a key role to play in the Senegalese AML/CFT system. READ MORE FEATURED : FIRST TRAINING OF TRAINERS FOR THE ACTORS OF THE AML/CFT CRIMINAL CHAIN IN ANGLOPHONE COUNTRIES In May 2022, during...