Combating Terrorist Financing in Guinea: International Watchdog Issues Evaluation Report

The Financial Action Task Force (FATF) has released an evaluation report on Guinea’s progress in combating terrorist financing, highlighting both strengths and weaknesses in its anti-money laundering and combating the financing of terrorism (AML/CFT) framework.

Comprehensive Evaluation

The assessment was conducted using the 2013 Methodology and based on information provided by Guinea and gathered during an on-site visit from December 5-16, 2022. The findings have been thoroughly reviewed and endorsed by the FATF, providing a benchmark for Guinea to improve its AML/CFT regime.

Key Takeaways

• Consult the Executive Summary to learn more about critical areas that require attention and priority actions to address these gaps.
• Review the comprehensive evaluation report to understand Guinea’s progress in combating terrorist financing.

Importance of International Cooperation and National Commitment

The release of this evaluation report is a significant step forward in the global fight against terrorist financing, underscoring the importance of international cooperation and national commitment to preventing the misuse of financial systems for illicit purposes. Guinea’s efforts to strengthen its AML/CFT framework are crucial not only for the country itself but also for the region and the international community at large.

Stay Tuned for Further Updates

• Reactions from government officials, experts, and stakeholders involved in the fight against terrorist financing.
• Continued updates on Guinea’s progress in combating terrorist financing and implementing the recommendations outlined in the evaluation report.

By staying informed about these developments, we can better understand the efforts being made to combat terrorist financing and support international cooperation to prevent illicit financial activities.