The United States welcomes the Council of Ministers of the Eastern and Southern Anti-Money Laundering Group (ESAAMLG) for granting Eritrea observer status
United States welcomes Eritrea’s continuing positive steps in AML/CFT (anti-money laundering/countering the financing of terrorism ), as well our strengthened bilateral partnership in this area.

BY U.S. EMBASSY – ERITREA

The United States is encouraged to learn that, on September 6 the Council of Ministers of the Eastern and Southern Anti-Money Laundering Group (ESAAMLG) responded to a request from Government of the State of Eritrea by admitting Eritrea as an Observer state in the group – a Financial Action Task Force (FATF) style regional body – as the first step in the process of admitting Eritrea as a full ESAAMLG member.

(adsbygoogle = window.adsbygoogle || []).push();

This action builds on a number of steps that Eritrea has taken to update and strengthen its laws, policies and procedures related to AML/CFT.

ESAAMLG admission and the membership accession procedures to follow are valuable components to demonstrating a robust and effective regulatory regime against global money laundering and terrorist financing threats.

The United States welcomes Eritrea’s continuing positive steps in AML/CFT, as well our strengthened bilateral partnership in this area following the June 5-6, 2019 visit to Asmara of a U.S. Treasury Department delegation, which included an AML/CFT policy specialist.

Eritrea’s key laws and regulations pertaining to anti-money laundering/countering the financing of terrorism (AML/CFT) can be accessed at the website of the National Housing and Commerce Bank of Eritrea.

U.S. financial institutions interested in learning more about the Eritrean banking system or AML/CFT policies and practices may forward questions to the U.S. Embassy in Asmara at AsmaraPAO@state.gov.

(adsbygoogle = window.adsbygoogle || []).push();

The post United States Welcomes Eritrea’s Observer Status in the ESAAMLG appeared first on TesfaNews.

United States Welcomes Eritrea’s Observer Status in the ESAAMLG

| Blog | 0 Comments
About The Author
-

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>