The Global Center is continuing to support Ethiopia in strengthening its capacities to counter money laundering and illicit financial flows. Between July and December 2016, the Global Center worked with local stakeholders to revise and finalize Ethiopia’s national risk assessment (NRA), develop risk-based action plans, and prepare a manual on anti-money laundering and countering the financing of terrorism (AML/CFT) for investigators and prosecutors.
In addition, the Global Center supported local team members and Attorney General’s Office (AG) staff to implement an AML/CFT capacity building training series for regional police, investigators, and prosecutors. The AG and Global Center also partnered together to develop a communications and outreach strategy on financial crimes, including publication of a journal of articles written by local experts on AML/CFT issues.
Between July and December 2016, a series of seven trainings were implemented for a total of 151 representatives from the private sector, government agencies, and regulatory bodies. These trainings provide a mix of policy, practice, and case studies to strengthen individual and institutional capacities on key areas related to AML/CFT.
The seven capacity-building trainings include:
- 18-22 July 2016: Second Training in the Financial Crimes Investigation and Prosecution Certification Course: Foundations of Effective Financial Investigations
The second training in the certification course built upon the introductory session delivered in May 2016, and included an overview of the roles of key stakeholders within the Ethiopian AML/CFT regime and the sources of information available in a money laundering investigation. A detailed case study and group exercises on financial analysis and development of financial profiles were also provided.
- 19-21 July 2016: Systemic Data Collection and Analysis on AML/CFT in Ethiopia
The training focused on developing a coordinated approach among actors that will support the sustained and timely collection, analysis, and dissemination of data on AML/CFT by the Ethiopian Financial Intelligence Center (EFIC). It highlighted the types of information to be collected by the relevant agencies, how to best analyze and utilize the data, and good practices for the submission, centralization, and dissemination of AML/CFT statistics and information.
- 9-11 August 2016: Sector Specific ML/TF Risk and Effective Regulation
Building upon prior work to deepen AML/CFT compliance from designated non-financial businesses and professions (DNFBPs) in Ethiopia, this training focused on strengthening supervisory capacities among regulatory bodies. Presentations focused on the role of and relationships between the EFIC, reporting entities, and regulatory bodies, typologies for money laundering within specific sectors, and Ethiopian-specific risks based on the findings of the national risk assessment.
- 29 November – 1 December 2016: Ethiopia’s National Risk Assessment Finalization Workshop: Summary of Findings and Action Plan Development
On behalf of the EFIC, a meeting was convened of over 25 representatives from the Ethiopian public and private sector to discuss the findings of Ethiopia’s NRA. Priorities based on the analysis and conclusions of the NRA were used to inform the development of risk-based action plans for each thematic working group.
- 8-9 December 2016: AML/CFT in Ethiopia’s Real Estate Sector
Identified as a priority area in Ethiopia’s NRA, a targeted training was held on money laundering and terrorist financing vulnerabilities within Ethiopia’s real estate sector. The training focused on sector-specific risks and vulnerabilities including common predicate offenses and regional trends and typologies related to real estate, identifying and reporting suspicious matters, and good practices for effective regulation and supervision.
- 31 October-4 November 2016: Third Training in the Financial Crimes Investigation and Prosecution Certification Course: Understanding and Investigating Money Flows
The third training in the certification course focused on money and value transfer flows in money laundering and terrorist financing. Specific sectors relevant to the Ethiopian context were examined in detail, including banks, money value transfer services (or hawalas), and new payment methods such as mobile money. Case studies and exercises focused on how these sectors could be abused to raise funds and launder money, the evidentiary opportunities available to law enforcement officers and prosecutors, and how to conduct net worth and suspect network analyses.
- 12-16 December 2016: Fourth Training in the Financial Crimes Investigation and Prosecution Certification Course: Understanding and Investigating Terrorist Finance
The fourth and final training in the financial crimes certification course focused specifically on understanding and investigating terrorist financing. The training provided a detailed discussion on the international and domestic CFT frameworks, funding requirements of a terrorist organization, differences between money laundering and terrorist financing, and methods for moving, raising, and disrupting terrorist financing.
The Global Center conducted this work as part of a broader 24-month capacity building program to support Ethiopia in strengthening its AML/CFT regime. Supported by the Government of Denmark, the program is implemented in partnership with the EFIC and the AG, as well as other key stakeholders. Updates from the first six months of the program can be found here.
For more information regarding this program, please contact Ms. Tracey Durner at firstname.lastname@example.org.