A strong and competent regional body
GIABA is building a sound and competent organisation (Secretariat, statutory bodies, procedures and resources) so that it can give its Member States the support they need to develop strong capacity to combat money laundering and terrorist financing.
- Effective statutory bodies
- Strategic planning
- A network of national correspondents
Measuring the compliance and effectiveness of national frameworks
Using the FATF Methodology, GIABA conducts peer reviews of its Member States’ frameworks for combating money laundering, terrorist financing and proliferation financing. It then follows up on the implementation of the recommended actions to strengthen their compliance with international standards over the long term.
- Technical compliance with FATF Standards
- Assessment of the effectiveness of frameworks
- Regular follow-up and enhanced follow-up
Understanding criminal methods and trends
GIABA conducts typology studies and research to identify the methods, techniques and trends of money laundering and terrorist financing in West Africa. This work informs public policy and helps stakeholders detect illicit flows more effectively.
- Regional typology studies
- Analysis of methods and trends
- Red-flag indicators for reporting entities
Building national capacity
GIABA supports its Member States through training, expert missions and legislative and institutional assistance. This support is aimed at financial intelligence units, supervisory authorities, investigative services, the judiciary and the private sector.
- National risk assessments
- Training of national stakeholders
- Legislative and institutional support
Engaging all of society
GIABA builds strategic partnerships with the private sector, civil society, religious institutions, women’s organisations, young people and students, to involve everyone in preventing money laundering and terrorist financing.
- Private sector and civil society
- Religious institutions
- Women, young people and students
Joining forces across borders
As a specialised institution of ECOWAS and an Associate Member of the FATF, GIABA strengthens cooperation among its Member States, between them and GIABA, and with international partners, for a concerted response to financial crime.
- Cooperation with the FATF and FSRBs
- Exchanges between financial intelligence units
- Mutual legal assistance and asset recovery
Rigorous. Collaborative. Results-oriented.
Every GIABA action is based on an in-depth understanding of the risks and needs of its Member States. We work closely with national authorities, national correspondents and our partners, in a spirit of transparency and shared responsibility.
Assess
Understand
Strengthen
Cooperate
Together for the integrity of the West African financial system
More than twenty years of commitment
Since its establishment by ECOWAS, GIABA has supported its Member States in building financial systems that are safer, more transparent and compliant with international standards.
