On behalf of the Ethiopian Financial Intelligence Center, the Global Center convened a meeting to discuss best practices for the collection, analysis, and presentation of data in connection with Ethiopia's national risk assessment process. Completion of the national risk assessment is a key priority for Ethiopia, as part of its ongoing efforts to strengthen its anti-money laundering and countering the financing of terrorism regime (AML/CFT) and deepen compliance with the Financial Action Task Force Recommendation 1.
The training focused on conceptual and practical approaches to conducting a national risk assessment, including the importance of statistics and information gathering, from both domestic and international sources, as a vital component to effectively evaluate risk and threat profiles. The training also included practical exercises on how to assess national vulnerabilities to money laundering and terrorist financing threats and how to conduct sectorial risk assessments for financial institutions and designated non-financial businesses and professions. Attendees represented a wide variety of stakeholders and institutions, including academics, public and private authorities, and associations including: the Ethiopian Financial Intelligence Center, National Bank of Ethiopia, Federal Ethics Anti-Corruption Commission, Ministry of Trade, Ministry of Industry, Ministry of Mining Planning and Natural Gas, Charities and Societies Agency, Ethiopian Revenue and Customs Authority, Ministry of Finance and Economic Cooperation, Wogagen Bank, Commercial Bank of Ethiopia, Unity University, Africa Insurance, Alpha University, the Federal Police, Addis Ababa University, , Birhan International Bank, Bankers Association, Civil Service University. Ethiopian Professional Association of Accountants and Auditors.
The workshop was facilitated by Ms. Liat Shetret, senior fellow with the Global Center and Mr. Giuseppe Lombardo, international strategic advisor on financial integrity, as well as Mr. Biniam Shiferaw, Ayalew, Global Center consultant on AML/CFT. Opening remarks were delivered by Ato Gemechu Lulesa, executive director of the Ethiopian Financial Intelligence Center. This training was the first in a series of sessions as part of a broader technical assistance program supported by the Government of Denmark to assist Ethiopia in strengthening its capacity to counter illicit financial flows.
For additional information about the workshop or this project, please contact Ms. Tracey Durner at firstname.lastname@example.org.
Subscribe to receive periodic email updates and the Global Center Newsletters