FATF to remove Ghana from EU money laundering list June 2021

The European Commission (EU) has announced to remove Ghana from the list of countries that are deficient in Anti-money laundering and terrorism financing in June this year, Jubilee House said on Friday.

This comes after President of Ghana, Nana Akufo-Addo in his two-day working visit which commenced May 19, 2021, met with the President of the European Council, His Excellency Charles Michel in Belgium.

Charles Michel, the President of the European Council (EU) at the meeting commended Ghana for implementing the action plan of the International Country Risk Guide (ICRG) in record time.

The Commission also congratulated Nana Akufo-Addo for the reforms in the country leading to the removal of Ghana from the EU money laundering list June 2021.

Financial Action Task Force (FTAF), following the EU decision in June this year, is expected to announce the removal of Ghana from the list of high risk, third-world countries with a strategic deficiency in money laundering and countering of terrorism financing.

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Financial Action Task Force (FTAF) is a global money laundering and terrorist financing watchdog.