Financial Crime World

Equatorial Guinea Strengthens AML Laws through International Training Seminar

Malabo, Equatorial Guinea, February 12-16, 2018 — The National Financial Investigation Agency of Equatorial Guinea (ANIFGE) held a five-day training seminar in collaboration with the Caribbean Financial Action Task Force (CFATF) and the Financial Action Task Force of Latin America (GAFILAT). The seminar focused on international standards to combat money laundering, terrorist financing, and the financing of weapons of mass destruction.

Participants & Presenters

  • Government institutions: Ministry of Finance and Budgets, Ministry of National Security, Ministry of Justice, Worship and Penitentiary Institutions, Ministry of Economy and Planning and Public Investments, Professional Association of Credit Institutions, insurers, Public Treasury, National Statistics Institute of Equatorial Guinea (INEGE), ANIF Correspondents, and ANIF operational staff.
  • ANIFGE members: Honorable Ministers of Finance and Budget, Ministry of National Security, and Ministry of Justice, Worship and Penitentiary Institutions.
  • Presenters: Ana Folgar, CFATF Legal Advisor; Juan Cruz, GAFILAT Technical Expert.

Seminar Topics

Throughout the week-long seminar, the following topics were discussed in detail:

  • The mutual evaluation process
  • FATF Recommendations
  • National risk assessment
  • National cooperation and coordination
  • AML/CFT strategy and action plans
  • Money laundering
  • Terrorist financing
  • Confiscation
  • Financial sanctions
  • FIU (Financial Intelligence Unit)
  • Public order authorities
  • Preventive measures
  • Supervision

Participants engaged in intensive debates and raised insightful questions.

Support for Equatorial Guinea

Equatorial Guinea, a member of the Anti-Money Laundering Task Force in Central Africa (GABAC), has received significant support from international institutions for Spanish-language training and FATF Standards strengthening. Institutions like the:

  • CFATF
  • IMF
  • World Bank
  • GAFILAT
  • SEPBLAC

have extended their assistance.

Statements of Satisfaction

A statement from CFATF expressed their satisfaction, supporting ANIFGE and GABAC members by offering this seminar and expanding the FATF-style Regional Groups (FSRBs) global network.

For additional information, please visit the ANIFGE website: http://www.anifge.gq// or the GABAC website: www.spgabac.org.