The senior leadership of Ethiopia’s nineteen public and private banks met on 23 June 2014 in Addis Ababa for an interactive discussion on the role of financial institutions in driving economic growth. This workshop, facilitated by the Global Center, was part of a larger project supported by the Government of Denmark titled “Strengthening Anti-Money Laundering and Countering the Financing of Terrorism Capacities in Ethiopia.”

Ato Gemechu Weyuma Lulesa, Director General of the Financial Intelligence Center (FIC), officially opened the training by delivering welcoming remarks. Mr. Tom Keatinge, a finance and security analyst and a former Managing Director of J.P. Morgan, led a practical discussion on the impact of money laundering and terrorist financing on the global financial system, emerging trends for financial institutions, and the role senior management of financial institutions can play to strengthen and institutionalize anti-money laundering and countering the financing of terrorism (AML/CFT) best practices.

The sessions were highly interactive with participants discussing the role of banks in protecting a country’s ‘financial borders’, risk mitigation strategies for dealing with correspondent banking relationships, and challenges to operating in a cash based economy. Post-meeting evaluations demonstrated that participants felt the information presented at the workshop would be useful to them in their capacity as senior management.


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