Business News of Tuesday, 25 May 2021Source: www.ghanaweb.com• Strict enforcement of regulations is required to keep Ghana off EU anti-money laundering list• Ghana will in June 2021 be taken off the Anti-Money Laundering List• Ghana was placed on the list in May 2020 based on recommendations from the Financial Action Task ForceGhana risks reclaiming a place on the European Union's anti-money laundering and terrorism financing list in the future if it does not enforce regulations against the menace, Head of Technical Operations at e-Crime Bureau has said. According to Eric Kwaku Mensah, efforts must be made to address the structural and strategic deficiencies within the financial crimes space or the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime. “I must say that a conscious effort was put in to get Ghana off the list. Meanwhile, the European Commission will in June 2021 remove Ghana from the list of countries deficient in Anti-Money Laundering and Terrorism Financing. According to the EU, the weaknesses identified posed a serious risk to their financial system hence the blacklist, based on recommendations from the Financial Action Task Force.
