Fighting Illicit Financial Flows Money Laundering and Financing of Terrorism in Sub Saharan Africa

The Action aims to tackle the nexus between illicit financial flows (IFFs) and transnational organised crime (TOC) in Sub Saharan Africa by emphasizing the fight against money laundering and the financing of terrorism (AML CFT). In doing so it aims at contributing to increase resource mobilisation stabilisation and security on the continent. The Action will pursue three Specific Objectives ¿1. Improve national capacities including law enforcement and judicial capabilities to prevent and respond to illicit financial flows (IFFs) linked to transnational organized crime and the financing of terrorism in a FATF compliant manner (SO1) 2. Strengthen regional inter regional and international cooperation and information sharing among key AML CFT bodies stakeholders (SO2) 3. Increase public awareness to promote greater transparency and hold States and relevant entities accountable to act against IFFs and organised crime (SO3). The Action is expected to be a substantial building block of the continental Team Europe Initiative to support Africa in Combatting Illicit Financial Flows and related Transnational Organized Crime (TEI IFF TOC). It will contribute to all its 3 components and be implemented in due coordination with TEI¿s Members parallel initiatives.