Bank Of Ghana Installs New Measures To Fight Money Laundering

According to Ghana Web, the Bank of Ghana announced that money laundering and terrorist financing issues are hurting the country’s economy and financial institutions. The article reported that the weak internal control systems at community and rural banks were easy targets for money laundering and terrorist finances.

To help counter these issues, the BOG and the Financial Intelligence Center have mandated new measures to implement the Anti-Money Laundering and Combatting The Financing Of Terrorism compliance programs with banks.

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