Since the passage of its first anti-money laundering-relevant law in 2009, Ethiopia has made significant progress in strengthening anti-money laundering and countering the financing of terrorism (AML/CFT) legislative frameworks and technical expertise. As a result of these achievements, Ethiopia was removed from the Financial Action Task Force’s ongoing AML/CFT monitoring process in October 2014. Such progress has positioned Ethiopia to emerge as a key player in strengthening national and regional capacities to combat illicit financial flows, money laundering, and terrorist financing. In order to ensure that Ethiopia’s gains translate into sustained implementation of AML/CFT efforts, the project focuses on providing continued capacity-building and technical assistance to support local stakeholders, primarily the Ethiopian Financial Intelligence Center and Ministry of Justice, in developing strong capacities to deter, detect, and combat illicit financial flows and strengthen Ethiopia’s role in regional AML/CFT efforts.
Subscribe to receive periodic email updates and the Global Center Newsletters