Tana Anti-Money Laundering Program Report: February 2021 - May 2021

Introduction

The Tana anti-money laundering program in Ethiopia has been actively engaged in supporting the Ethiopian authorities in their efforts to combat financial crime and enhance transparency and accountability. This report highlights the activities and initiatives of the program from February 2021 to May 2021.

Key Initiatives and Activities

• Training Sessions: The Tana program organized training sessions for police officers, financial investigators, and prosecutors on anti-money laundering and countering terrorist financing.
• Capacity Building Programs: Capacity building programs were conducted for regulatory authorities, including the development of standard operating procedures and compliance guidelines.
• AML Legislation Review: Support was provided to review and revise Ethiopia’s AML legislation to ensure it is compliant with FATF recommendations.
• Public Outreach Activities: Public outreach activities were carried out to raise awareness about money laundering and terrorist financing.
• Beneficial Ownership Database Development: A secure database was developed to house data on beneficial ownership of corporate and other legal entities in Ethiopia.

Conclusion

The Tana anti-money laundering program has been instrumental in supporting the Ethiopian authorities in their efforts to combat financial crime and enhance transparency and accountability. The report suggests that the program’s initiatives and activities have been effective in promoting a culture of compliance and awareness among stakeholders.