Financial Crime World

Here is the article rewritten in markdown format:

Task Force on Anti-Money Laundering in Central Africa (GABAC)

==============================================

Context

The Task Force on Anti-Money Laundering in Central Africa (GABAC) is a regional organization that promotes anti-money laundering (AML) and combating the financing of terrorism (CFT) standards in its member states. GABAC aims to ensure the integrity of the financial systems of its member and associated states.

Summary

The document appears to be an introduction or preface to a report on the evaluation of the AML/CFT system of Gabon, one of the member states under GABAC’s jurisdiction. The report is likely part of a series of mutual evaluations conducted by GABAC to assess the compliance and effectiveness of its member states in implementing international AML/CFT standards.

Key Points

  • Regional Organization: GABAC is a FATF-style regional organization that promotes AML/CFT standards.
  • Evaluation Process: The organization evaluates the AML/CFT systems of its member states to ensure compliance with international standards.
  • Mutual Evaluations: The evaluation process involves mutual evaluations, where member states assess each other’s systems.
  • Ongoing Evaluation: Gabon’s on-site visit took place from November 11 to 29, indicating that the evaluation is ongoing.

If you need clarification on any of the acronyms or terms used in this article, please let me know and I’ll be happy to explain them.