Gambia Takes Steps to Combat Financial Crime

The Gambia has long struggled with financial crime, particularly sex trafficking and forced labor. However, efforts are underway to combat these crimes and improve the country’s financial regulatory environment.

Progress in Combating Corruption and Deepening Democratic Governance

According to recent reports, The Gambia has made significant strides in tackling corruption and improving its anti-corruption efforts. The government has also shown a commitment to deepening democratic governance, which is critical to a sustainable economic regulatory capacity.

Strengthening Financial Intelligence Unit

One of the key areas of focus has been on improving the country’s financial intelligence unit, which has been strengthened to combat money laundering and financial crime.

Building National Border Control System

The Gambia has also been working with international partners to build its national border control system, making it easier to track and prevent illegal activities.

Challenges Remain

Despite these efforts, there is still much work to be done. The Gambia lacks a formal program for victim or witness protection, which is critical in combating human smuggling. However, the government is committed to introducing such a program in the near future.

Press Freedom

In terms of press freedom, The Gambia has made significant strides since the change in political power. Laws used to intimidate and silence journalists are being repealed or amended, and there is greater space for civil society organizations, including the media, to participate in the country’s political life.

Conclusion

Overall, while there is still much work to be done to combat financial crime in The Gambia, the government’s efforts to improve its anti-corruption efforts and strengthen its financial regulatory environment are a positive step forward.