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    Economy

    GIABA Tasks Religious Leaders to Combat Money Laundering

    EditorBy EditorOctober 24, 2024Updated:October 24, 2024No Comments2 Mins Read
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    1729754492259

    The Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), under the Economic Community of West African States (ECOWAS), has urged religious leaders to play a pivotal role in combating money laundering, terrorism financing and associated crimes in the region.

    GIABA Director General Edwin Harris Jr. emphasized this at a national sensitization seminar for religious leaders and institutions on anti-money laundering and counter-financing of terrorism.

    He highlighted GIABA’s mandate to protect member states’ economies from crime proceeds laundering and terrorism financing since its establishment in 2000 by ECOWAS Heads of State and Government.

    Ad 4

    Harris called on religious leaders to decisively contribute to building a better society, warning against rising illicit income-generating crimes like corruption, kidnapping, and human and drug trafficking.

    He stressed the importance of their influence in addressing societal ills, emphasizing their voices are crucial against violent extremism, terrorism and corruption.

    Key areas where religious leaders can make an impact include:

    Ad 3

    Combating Money Laundering: Preventing proceeds of crimes from entering financial systems.

    Countering Terrorism Financing: Blocking funding sources for terrorist activities.

    Addressing Predicate Offenses: Tackling corruption, kidnapping, human and drug trafficking.

    Promoting Peace and Security: Encouraging congregations to reject violent extremism.

    Harris emphasized that religious leaders must lead by example, demonstrating exemplary lifestyles and actions to inspire positive change

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