Introduction
Following the enactment of the Anti-Money Laundering Act, 2008 (Act 749), the Anti-Terrorism Act, 2008 (Act 762) and the subsequent passage of the Anti-Money Laundering Regulations, 2011 (L.I.1987), Ghana is now giving necessary attention to the fight against money laundering and terrorist financing…
The Guideline has incorporated essential elements of the AML Act and Regulations, relevant FATF-Recommendations, the sound practices of the Basle Committee on Banking Supervision and other international best practices on Anti-Money Laundering and the Combating of the Financing of Terrorism (AML/CFT)…
Purpose and overview:
The Guideline covers among others the following key areas of AML/CFT policy; Reporting Officer designation and duties; the need to co-operate with the supervisory authority; customer due diligence; monitoring and responding to suspicious transactions; reporting requirements; record keeping; and AML/CFT employee training program…
The Guideline is structured in two, Part A made up of the new AML/CFT Directives while Part B provides guidance on KYC…
Detailed report link: here
Public notice by Bank for Ghana: here
