Organised Crime West African Response to Money laundering and the financing of terrorism (OCWAR¿M)

The overall objective is the reduction of money laundering (ML) and the financing of terrorism (TF) in the Economic Community of West African States (ECOWAS) The specific objective of the project is the ''Groupe Intergouvernemental d¿Action contre le Blanchiment d¿Argent'' (GIABA) and ECOWAS member states to adopt and implement effectively AML CFT measures of acceptable international standards in order to improve the regional operational capacity. Expected results are ¿ ML TF risk are well understood by ECOWAS MS and actions better coordinated domestically to combat ML FT and proliferation ¿ ECOWAS MS are able to achieve high level of compliance and are implementing effective and robust AML CFT regimes in line with international standards ¿ Domestic and international cooperation facilitating information sharing and the delivery of quality financial intelligence are improved as well as the capacity of competent authorities that pursue actions against criminals and their assets ¿ GIABA¿s own operation capacity is better understood and managed by its officers and accepted by ECOWAS MS.