Ghana removed from EU money laundering list

Following a successful evaluation of Ghana’s regime against money laundering and the financing of terrorism, the Financial Action Task Force (FATF) has removed the country from its list of non-compliant jurisdictions. The European Commission on January 7, 2022, removed Ghana from the EU Blacklist by acknowledging that it no longer has strategic deficiencies in its […]

Delisting from money laundering: Investment inflows to swell – Ken Ofori-Atta

The Minister of Finance, Mr Ken Ofori-Atta, has expressed confidence that investment inflows into the economy will increase in the coming days, following Ghana’s successful exit from the global list of countries with deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. The finance minister said the exit meant that the international community […]

US Authorities bust 6 Ghanaians involved in $50m Ghana-based cyber fraud

US Authorities have arrested six Ghanaians based in the USA in connection with their roles in a fraud and money laundering conspiracy. The six, said to be members of a criminal enterprise based in Ghana, allegedly laundered more than $50 million, which primarily consisted of proceeds of fraud schemes from business email compromises, romance scams […]

EU blacklists 4 African Countries for money laundering

The European Union (EU) has blacklisted Ghana among several other countries for money laundering. Three other African countries have been blacklisted – Botswana, Mauritius and Zimbabwe. The EU said under the Anti-Money Laundering Directive (AMLD), the Commission has revised its list, taking into account developments at the international level since 2018 and that the “new list is now […]