The Financial Action Task Force (FATF) is leading the global fightback. When it was founded in 1989, the FATF focused on creating global standards to combat money laundering. It has since expanded its scope to cover issues such as terrorism and proliferation financing and has released detailed guidance on a variety of financial crime-related issues, including human and wildlife trafficking and the risks associated with specific activities and professions.
In this report, we look at the major financial crime risk typologies in Africa and the sanctions issued by international and national bodies that impact trade and the financial sector in Africa.
- Wildlife Trafficking
- Human Trafficking
We also assess the current state of Africa’s anti-money laundering and countering the financing of terrorism (AML/CFT) regulations and discuss steps that can be taken to address ongoing risks.